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Friday, December 12, 2008

MARTA facing 'fiscal crisis' because of economy

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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