Washington Metropolitan Transit Authority officials are mulling measures to close its historic $750 million budget gap starting next summer, looking to increase funding to avoid thousands of layoffs and reduced operating hours.
Across Washington, D.C., Virginia, and Maryland, transit leaders have been working to detail future financial planning with an initial briefing on the budget challenges scheduled for Thursday. As a result of teleworking employees over the pandemic, Metro predicts an operating deficit of over $700 million in fiscal 2025.
Metro officials are attempting to fill a financial hole by asking regional leaders for an increase in funding, warning of possible hiring freezes, employee layoffs, and slow train wait times as Metro struggles to manage the ridership increase over the past year. Officials also say they could close part of the gap by using funds from the capital program to keep operations running. Capital funds are normally used to replace vehicles and update equipment on the rail and bus systems.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Powerball jackpot soars to estimated $785 millionThe Powerball numbers for the estimated $750 million lottery jackpot were drawn on Saturday, and there is still no winner.
Les mer »
Water outage impacting Evergreen Metropolitan DistrictCustomers may experience low, or no water pressure. The outage is impacting customers near Evergreen Lake and there is not yet an estimated time when service will return to normal
Les mer »
UK Police Step Up Russell Brand Sexual Assault InvestigationThe Metropolitan Police said they've received 'a number of allegations' against the comedian.
Les mer »
Some U.K. police put down guns after officer is charged with murderA Metropolitan Police marksman was charged Wednesday over the September 2022 death of Chris Kaba, 24.
Les mer »
Some UK Police Put Down Guns After An Officer Is Charged With Murder In The Shooting Of A Black ManA Metropolitan Police marksman was charged Wednesday over the September 2022 death of Chris Kaba, 24.
Les mer »
Metro seeks more money while weighing three options to close budget gapTransit agency officials have made budget cuts on their own, but still need funding from D.C., Maryland and Virginia to stave off significant decreases.
Les mer »