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

More From CBS Baltimore

Tune In To The Grammys On Feb 15!
Track Weather On The Go With Our App!

Listen Live