Thank you for staying on top of these extremely important issues.
With regards to TriMet, their recently adopted budget (including fare increases), still projects a negative cash burn of over $500 million over the next 10 years.
And yet they are EXPANDING service and "investing" in new, much more expensive buses, as you noted. No legitimate small or medium business would survive projecting a half billion loss over the next decade.
The business model of TriMet (and most transit agencies) is EXPANDING or upgrading service that brings in tons of federal dollars. Since 2012, TriMet has received $932 million from the federal government to help keep it afloat. And that doesn't include the new taxes!
Another One Rides the Bus...
Dan --
Thank you for staying on top of these extremely important issues.
With regards to TriMet, their recently adopted budget (including fare increases), still projects a negative cash burn of over $500 million over the next 10 years.
And yet they are EXPANDING service and "investing" in new, much more expensive buses, as you noted. No legitimate small or medium business would survive projecting a half billion loss over the next decade.
The business model of TriMet (and most transit agencies) is EXPANDING or upgrading service that brings in tons of federal dollars. Since 2012, TriMet has received $932 million from the federal government to help keep it afloat. And that doesn't include the new taxes!