Tuesday, April 28, 2009

Cap Metro savings still dropping

Reserves could be down to $10 million by fall, and services may be cut.

By Ben Wear
AMERICAN-STATESMAN STAFF
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.

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