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Transit

MARTA: New Economic Forecast Predicts Further Decline In Sales Tax Revenue

ATLANTA — MARTA “stands to lose” hundreds of millions in sales tax revenues over the next decade on top of an already projected $1.2 billion shortfall, according to a new economic analysis from the Georgia State University Economic Forecasting Center, the transit authority. This forecast shows “the urgent need for a new dedicated and reliable source of transit funding in the state and region,” MARTA said. About a month into the new fiscal year, MARTA is already re-evaluating its options to address a continuing shortfall in FY 2010 revenues, officials said. “This new report is extremely sobering.  Unfortunately, we’ve continued
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Legislation

MARTA Board of Directors Requests Meeting With State’s Governor

ATLANTA — MARTA Board of Directors urged Gov. Sonny Perdue, Lt. Governor Casey Cagle and House Speaker Glenn Richardson to call a special session to “deal with” transportation and MARTA funding issues. During their 2009 General Assembly, state legislators did not to pass what MARTA officials call “critical legislation providing regional or state transportation funding and lifting restrictions on the use of MARTA’s capital reserve funds,” MARTA contends. The Georgia General Assembly ended April 3, and during this year’s legislative session, MARTA officials petitioned state lawmakers to grant the authority access to $65 million in its capital reserve account to