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Project Delays Keep L.A. Metro's Budget In The Black

Paresh Dave |
November 17, 2010 | 3:56 p.m. PST

Executive Producer

Slow-moving planning and construction of transit projects across L.A. County and a handful of other budget cuts left Metro in the black during the last fiscal year despite a steep decline in revenues.

Revenues fell flat of expectations by about $403 million, but expenses were also $519 million less than expected, leading to $116.3 million in net savings. Delays involving the Expo Line, Orange Line, Gold Line, I-10/I-110 congestion reduction plans, among other projects, accounted for about $150 million of the savings.

In the first year under Measure R, which increased the county sales tax by half a cent, the rise brought in about 50 percent more money than budgeted for. This helped offset a 40 percent drop in state funding for transit.

The full review of Metro's 2009-2010 fiscal year budget can be found here.

In total, Metro's final 2009-2010 budget was $3.3 billion.

Reach executive producer Paresh Dave here. Follow him on Twitter: @peard33.



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