
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