A $750 million funding gap starting next summer can't be closed without help from regional leaders, even if fares are raised or work is privatized, Metro board members said.
A staggering $750 million budget deficit beginning next summer can’t be closed without help from elected leaders across the Washington region, Metro board members said Thursday as they also pledged action within the transit agency — even if it includes raising fares or privatizing work.Metro leaders were quick to point out that any action they took would amount to negligible savings, short of cutting service to a level so severe that it would be “catastrophic” for the region.
The transit system survived the past three years using nearly $2.4 billion in federal aid, staving off severe cuts and recently returning to pre-pandemic service levels. But with aid running out by July 2024, Metro leaders have undertaken a desperate search for sustainable funding to fill a financial hole projected to grow annually to as much as $1.2 billion later this decade.
“This team has been pushed incredibly hard, some would say too hard, but we had a hole we had to dig out of,” Clarke said of transit workers. “I think it’s clear Metro is back.”The Metropolitan Washington Council of Governments said it would convene elected officials, business, civic and community leaders for “a new regional dialogue” to help solve Metro’s funding problems, Clark Mercer, the nonprofit group’s executive director, said in a statement.
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