Reserves could be down to $10 million by fall, and services may be cut.
By Ben Wear
Tuesday, April 28, 2009
Capital Metro's shrinking savings could be down to $10 million by the end of September, agency officials said Monday, bringing the transit agency's operating reserves to no more than a few days' cushion.
It's a predicament that had Capital Metro's chief talking Monday about what amounts to overdraft protection and board members saying service cuts might be necessary.