Friday, December 12, 2008
News MARTA facing 'fiscal crisis' because of economy
Posted by Thomas Wheatley @thomaswheatley on Fri, Dec 12, 2008 at 11:36 PM
The recession is taking its toll on MARTA.
MARTA General Manager and CEO Bev Scott says "devastating" drops in revenue collected from local sales taxes — which comprise 52 percent of its operating budget — has led to a shortfall of at least $60 million.
It's worth mentioning that nearly every state contributes to its largest metropolitan area's transit system's operating costs — Georgia does not.
Scott will hold a press conference to discuss the problem on Monday at MARTA's Piedmont Road headquarters. It will begin immediately after the regularly scheduled Board of Directors meeting at 1:30 p.m.
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