Showing posts with label austin transport. Show all posts
Showing posts with label austin transport. Show all posts

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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