As you may know, Capital Metro had proposed a fare increase as part of our initial plan to balance the budget for next year. In fact, a series of public meetings had been scheduled mid-September to talk about the fare proposal with the community.
Capital Metro staff will present an alternative budget proposal to the Board of Directors on Monday that balances the budget without an additional fare increase in January.
Capital Metro will propose to use approximately $2.6 million in federal economic stimulus funding for operating costs. With the assistance of CAMPO, the agency can request this redirection of a portion of its funding.
Other budget-saving measures included in the budget proposal:
- Planned bus purchase in 2010 deferred to FY 2011
- Continued hiring and wage freeze for administrative employees (37 positions eliminated in 2009 through early retirement and attrition)
- Employees pay greater share of health insurance and copay costs
- Wage increases of 1.5% in Jan. 2010, and 1.5% in July 2010, for bargaining employees per terms of contract between StarTran and Amalgamated Transit Union Local 1091
- Suspension of ‘Dillo service in Oct. 2009
- Minor route modifications in Jan. 2010
- Policy changes to MetroAccess in Oct. 2009
- Fare increase to take effect at fall 2010 service change as previously approved
- Aug. 31: Budget summary presented to Board of Directors
- Sept. 4: Proposed budget posted online at www.capmetro.org for public review
- Sept. 21: Public hearing on proposed budget
- Sept. 28: FY2010 Budget adopted by Board of Directors