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Rail News: Passenger Rail
8/12/2010
Rail News: Passenger Rail
Denver RTD considers budget gap-closing options
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The Regional Transportation District of Denver’s (RTD) board is considering several options for eliminating a $12 million budget shortfall for fiscal-year 2011. The deficit is primarily due to lower-than-expected sales tax revenue, RTD officials said in a prepared statement.
The board currently is considering five options, which would combine several of the following measures: a fare increase; service reductions; fuel savings; use of a 5 percent operating reserve; staff travel reductions; the elimination of two staff sick days; a salary freeze; and furlough days.
At its Aug. 17 meeting, the board plans to decide whether to solicit public comments on a potential fare hike. If the agency opts to pursue ticket increases, the board would vote on such a measure in October and fare hikes would take effect on Jan. 1, 2011.
The board currently is considering five options, which would combine several of the following measures: a fare increase; service reductions; fuel savings; use of a 5 percent operating reserve; staff travel reductions; the elimination of two staff sick days; a salary freeze; and furlough days.
At its Aug. 17 meeting, the board plans to decide whether to solicit public comments on a potential fare hike. If the agency opts to pursue ticket increases, the board would vote on such a measure in October and fare hikes would take effect on Jan. 1, 2011.
