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Metro GM Says Budget Deficit Shrinks By $6 Million

WASHINGTON (AP) — Metro General Manager Richard Sarles says the transit agency’s budget deficit is expected to be $6 million less than originally projected.

The amount was originally projected to be $72 million, but it is now forecast at $66 million. The drop is expected to provide Metro’s board of directors with more options as it works to figure out how to close the game in Metro’s $1.4 billion operating budget.

Sarles told the board at a meeting on Thursday that rising gas prices will probably increase ridership and revenue, although gas prices have not yet produced any quantifiable ridership gains.

Metro is set to hold public hearings in May in Virginia, Maryland and the District to seek comments on possible budget-cutting measures.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

Comments

One Comment

  1. sheriff says:

    Good, now when is service going to improve & clean trains arrive on time along with friendly operators insted of surly porch monkeys.

  2. PAUL E. MICELLI says:

    THANKS FOR REMOVING MY COMMENT. I SEE THAT CENSORSHIP AND BIG BROTHER ARE WITH US. CONSTITUTIONAL RIGHTS ARE BEING VIOLATED EVERY DAY BY BIG BROTHER.

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