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Yesterday, the Tri-County Metropolitan Transportation District of Oregon (TriMet) unveiled a $741 million fiscal-year 2008 capital and operating budget.

The spending plan proposes funds to continue constructing the 8.3-mile I-205/Portland Mall MAX light-rail extension, and the 14.7-mile Washington County commuter-rail line. The budget also would include $1.7 million to begin replacing ticket vending machines on the Eastside MAX line with debit/credit card-only machines.

In addition, TriMet proposed to implement a five-cent fare increase on Sept. 1 to help offset inflation.