LinkLinksOpinion Anthony Williams in The Post: For Metro, governance reform has to come before financial infusions By Editor On Oct 28, 2022 Last updated Oct 28, 2022 28 Share Metro’s new general manager, Randy Clarke, faces daunting challenges as he assumes his new role. The agency’s financial woes are no secret. It is hurtling toward a $185 million fiscal cliff in fiscal 2024 when federal pandemic relief runs dry. By fiscal 2025, the Washington Metropolitan Area Transit Authority estimates its annual operating budget deficit could hit $527 million. By fiscal 2029, that number will grow to $731 million — and that’s with a relatively optimistic assumption ridership will hit 75 percent of pre-pandemic levels. Rail ridership is currently hovering around 45 percent of pre-pandemic levels. 28 Share FacebookTwitterReddItWhatsAppEmailPrint
Comments are closed.