Financial Crisis * USA - Metro may cut bus service 20 percent
Even as King County leaders celebrate record Metro ridership, there's news that the financial crisis could mean extremely deep cuts in Metro bus service
Seattle,WASH,USA -KING5/MSNBC -Feb. 18, 2009: -- Outgoing King County Executive Ron Sims says the recession may force the county to cut Metro Transit by up to one million service hours per year -- about 20 percent of its workload... That means more than 75,000 daily bus passenger trips would be eliminated... Sims says new sales tax projections show an unprecedented $100 million funding gap for 2010... Because people are spending less money at stores, there is less sales tax being collected, and it's the sales taxes that cover about two-thirds of Metro's operating costs... If things don't turn around, the proposed cuts would cancel current routes and proposed expanded service, cause more employee layoffs, and delay buying new buses...
Seattle,WASH,USA -KING5/MSNBC -Feb. 18, 2009: -- Outgoing King County Executive Ron Sims says the recession may force the county to cut Metro Transit by up to one million service hours per year -- about 20 percent of its workload... That means more than 75,000 daily bus passenger trips would be eliminated... Sims says new sales tax projections show an unprecedented $100 million funding gap for 2010... Because people are spending less money at stores, there is less sales tax being collected, and it's the sales taxes that cover about two-thirds of Metro's operating costs... If things don't turn around, the proposed cuts would cancel current routes and proposed expanded service, cause more employee layoffs, and delay buying new buses...
Labels: financial troubles
posted by Unknown @ 11:55 PM
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