Posts tagged Wmata Budget
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What is WMATA’s long-range financial plan?
The Washington Post, several bloggers, and many Metro riders have been hammering WMATA recently for being so opaque about its timetable for Metro Forward repairs. Besides leveling with riders about how long repairs are going to take, WMATA could build confidence by also being more forthcoming about how much money it will need in the long run. The constant refrain from CEO Richard… Keep reading…
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Breakfast links: What WMATA is up to
Metro backs out of transit center; WMATA budget was easy; A patriotic SmarTrip; The rich parts of the Metro; Out of staters take local spaces; Market rate or a market?; Less intrusive government, only if you behave; TIGER roars; And…. Keep reading…
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Breakfast links: Higher (power, costs, buildings)
Pope likes transit (not gay marriage); Wait longer for College Park CaBi; Do height right; Working overtime; Population boom continues more quietly; Bad review for new map; Mixed uses stop crime. Keep reading…
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Breakfast links: No breaks
Metro budget details; Cut property taxes on the rich?; Park bustin’ loose; FredCo leader for bikes, smart growth; Few houses available to buy; That’s a lot of cars; Parking solves congestion?; And…. Keep reading…
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Sequestration could hurt Metro, other regional projects
Because the Congressional “supercommittee” failed to agree on a deficit reduction plan, WMATA is likely to lose about $12 million from the federal government in 2013. This could spell trouble for an agency that has already had to raise fares to keep up with its significant capital needs. Under the terms of the Budget Control Act of 2011, without a supercommittee… Keep reading…
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WMATA saves some money
Yesterday, WMATA announced in a press release that its expenses were lower than predicted during the 2012 fiscal year, which ended in June. The transit system took in $2 million less in fare revenue than it expected, but spent $30 million less. The savings comes in part from lower fuel and energy costs and an audit of which Metro workers’ dependents were eligible for health… Keep reading…
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What is WMATA’s 2025 budget? Should we care today?
In 2012, like the last few years, WMATA faces a budget shortfall. In coming months, it will make some cuts, secure more funding from jurisdictions, and increase fares considerably. Then, next year, the cycle will likely repeat. Will these routine funding crises end? If so, how many years will it take and how do we get there? Riders don’t have that information today. Keep reading…
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Breakfast links: Purchase power
It’s quite fare; Never mind the fines; More on the height limit; Think regional?; Streetcars and bikes don’t mix; Existential transformations; Rail demand just keeps rising; Bikes rule Mexico City Sundays; And…. Keep reading…
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Sustainability can save WMATA money, if it’s a priority
Organizations of all types are talking about being “greener,” partly because it’s the right thing to do, but also because it can save money. Amid regular budget shortfalls, WMATA can benefit from every cost savings, and is considering a number of sustainability projects. Tomorrow, the WMATA Board will hear about the agency’s sustainability initiatives. Keep reading…
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Use rosier Metro outlook to reduce fare hike
The Transit First coalition, representing Metro riders, labor, environmental, and community groups, called on Metro and the local governments that help fund it to use the entire $16 million savings in the improved budget outlook to roll back proposed fare increases. Their statement is below: Under a proposal submitted yesterday to Metro’s finance committee… Keep reading…