Media Kit » Try RailPrime™ Today! »
Progressive Railroading
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.




railPrime
View Current Digital Issue »



Rail News Home Rail Industry Trends

12/21/2006



Rail News: Rail Industry Trends

Greater Cleveland RTA signs off on $386.8 million 2007 budget


advertisement


The Greater Cleveland Regional Transit Authority (GCRTA) recently approved a $268.3 million operating and $118.5 million capital budget for 2007.

The operating budget includes funds to add 25 service employees and expand service to Steelyard Commons and park-and-ride lots. The capital budget provides funds to continue rehabilitating passenger cars, and remodeling the Lee-Van Aken and Woodhill stations.

However, GCRTA expects expenses to exceed revenue next year. So, the agency will need to either obtain additional funding, reduce costs or decrease service in 2008.