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Posted at 8:11 AM ET, 05/12/2010

Metro's fare surcharge falling short

By Washington Post editors

According to a new Metro report, the extra dime per trip that the transit agency began to charge riders this spring isn't making up for the emergency budget shortfall it was supposed to help solve, the Washington Examiner reports.

In fact, the agency says it has an even bigger hole than it forecast. Instead of a $40 million shortfall for the entire year, the latest monthly financial report shows Metro is $54.2 million off, with three months left to make up the difference.


By Washington Post editors  | May 12, 2010; 8:11 AM ET
 
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Comments

Just like Fannie and Freddie and a few others, I wonder how many times Metro will be coming back to the public trough for more money because its leaders cannot forcast their way out of a paper bag?

Posted by: Viennacommuter1 | May 12, 2010 8:27 AM | Report abuse

Metro should not be viewed as a money making machine, instead it should be viewed as infrastructure, just like how roads and highways do not make money or pay for themselves, so should metro.

Of course this does not make up for it's lack of budgeting and should be held more accountable for it's spending, but how much did the 95/495 interchange in springfield go over budget? Howe much does it cost to maintain the hundreds of miles of highways in the D.C. area? These are things people do not consider when they criticize the metro.

Posted by: Baltimore137 | May 12, 2010 9:23 AM | Report abuse

Well, give us our dime back then.

Posted by: Sunshine_Bobby_Carpenter_Is_Too_Pessimistic_For_Me | May 12, 2010 11:53 AM | Report abuse

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