Newsletter Sign Up
Stay updated on news, articles and information for the rail industry
Stay updated on news, articles and information for the rail industry
RAIL EMPLOYMENT & NOTICES
Rail News Home
Passenger Rail
Rail News: Passenger Rail
2/13/2009
Rail News: Passenger Rail
TriMet projects $13.5 million FY10 budget shortfall
advertisement
Add the Tri-County Metropolitan Transportation District of Oregon (TriMet) to the growing list of transit agencies facing recession-related budget constraints in fiscal-year 2010. The agency relies on an employer payroll tax to fund 55 percent of its budget; with unemployment hovering at a rate of 8.6 percent in the Portland metro area, revenue projections are down $13.5 million for FY10, which begins July 1.
TriMet officials currently are working to develop a service-reduction proposal to help make up the anticipated budget shortfall. The agency will hold public hearings later this month.
TriMet officials currently are working to develop a service-reduction proposal to help make up the anticipated budget shortfall. The agency will hold public hearings later this month.