ATLANTA — The city’s mass transit system has posted its first operating profit in nine years, it announced today. For fiscal year 2005-06, MARTA finished in the black by $19 million, The Associated Press reported. Officials has expected an $18 million loss. "It’s a very positive picture going into the future," AP quoted Richard McCrillis, MARTA’s interim general manager, as saying. "MARTA has its financial picture together."
ATLANTA – The Board of Directors of the Metropolitan Rapid Transit Authority today passed a $770.7 million Operating and Capital Budget for Fiscal Year 2006, which begins on July 1, 2005. In conjunction with their decision, the Board also passed a new policy requiring that an amount equivalent to 10% of the prior year’s operating budget be maintained in an operating reserve account. "After careful thought and deliberation, this board has passed a budget that is responsible and that will allow us to continue to provide the best possible service to our customers through enhancements to our operations as well
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