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. . . .

For the rest of this excellent post, please click here.