Month: May 2024
MARTA considering $654.5M operating budget for fiscal 2025
(The Center Square) — Metropolitan Atlanta Rapid Transit Authority officials are weighing a proposed $654.5 million operating budget for fiscal 2025. The budget anticipates roughly $386.5 million in sales tax revenue, nearly $82 million in passenger revenue and $80 million in federal operating assistance. The $654.5 million operating expenses are roughly $23 million more than the agency’s fiscal 2024 budget. The transit agency also plans a $717.1 million State of Good Repair budget, including $550.5 million for capital expenditures and $152.4 million for debt service. The capital spending plan includes $91.8 million for the new series CQ400 railcars slated to