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WMATA plans to scrounge up $36 million from a combination of stimulus funds, inaugural reimbursements, surplus reserves and insurance money to deal with its widening budget gap for the 2010 fiscal year, both the Post and the Examiner are reporting.
The drop-off in ridership since the June 22 Red Line crash has left Metro scrambling for a way to make it through the current fiscal year, which ends in June. This new budget proposal doesn't mean you shouldn't expect to see fare hikes in the near future, however. The gap for the 2011 fiscal year could end up being even bigger, and fare increases continue to be on the table beginning July 1.
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yeah, fare hikes are coming.
what wmata should do is peg rate increases to inflation, so they don't have to come back year after year begging for the OK to ask for higher rates.
That's a pretty good idea, but all the localities agreeing to this seems like a reach, especially the federal government.
I thought DC/MD/VA were supposed to setup a dedicated source of funding for Metro this year? WTF happend with that?
Ha! You crack me up!
Where is this loss of ridership, exactly? My trains have never been so full as they are now. In the past I have not had to wait for multiple full trains to pass me by before I can get on one. It feels like there are more people than before.