Monday, April 30, 2012

MARTA eyeing higher fares, service cuts - The Business Journal of Milwaukee:

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The panel voted to raise basic faresz by25 cents, from $1.75t to $2, effective with the start of the new fiscap year on July 1. Parking fees at nine lots also woule goup $1. On the service MARTA trains would stop runninyat midnight, while non-productive bus routes would be MARTA officials have warned for monthz that higher fares and service reductions would be needed to fill a projectex 2010 budget shortfall, even with $25 millionj in economic stimulus fundinvg the voted this week to providse MARTA. The federal allocation, approveds by the ARC board on will help MARTA offset slumping sales tax revenuesw resulting fromthe recession.
“While we’re tremendously thankfukl to ekethrough one-time measures aren’t real long-term funding solutions,” said Beverlt Scott, MARTA’s general manager and CEO. MARTA will hold public hearingsx on the recommended fare increases and servicse cuts on June 16and 17. The agency’x full board of directors is expected to vote on the change s onJune 22.

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