Autumn on Lake Audobon

Autumn on Lake Audobon
Autumn on Lake Audubon, Photo by Alison Kamat

Wednesday, September 9, 2015

Without changes, the WMATA budget may grow increasingly unsustainable, GreaterGreaterWashington, September 8, 2015

Dave Alpert's GGW gives an excellent overview and a link to a briefing by WMATA on the poor state of its financial health and dim prospects for the future.  Here is how the article begins:

Metro's costs are growing faster than revenues, and the agency may find itself in increasingly difficult financial shape unless something changes.


If current trends continue, WMATA's costs will grow 6% a year while revenues only grow 1% a year, creating a larger and larger need for local governments to pay more, according to a presentation the WMATA Board will discuss Thursday.
While transit is a vital service in our region and one that's worth paying for, it's not realistic for local governments to keep paying a larger and larger share of their own budgets into this one service when cost growth exceeds inflation or the level of growth in local GDP. . . .

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