CDTA passes $70.5M budget - The Business Review (Albany):

ejyceh.wordpress.com
The $70.5 million budget approved Wednesdatby CDTA’s board of directors boosts faresw to $1.50, from $1, beginning April 1, the start of the fisca year. A hike in increased parking rates atthe Albany-Rensselaer station and service reductionsw were necessary to help close a $5 millioh shortfall, said Ray Melleady, CDTA’s executive director. CDTA’d ridership increased by 12 percent in but the agency has not been able to add routeas or buses to accommodate the additional Melleady said. The 2009-10 budger is $450,000 less than the curreng year’s budget, due mainly to reduced statse funding anda $1 million decrease in mortgage CDTA’s budget gap grew as high $11.
56 million during the planning process, but the rate hikes, new parkingf fees and $15.7 million in federa stimulus funding helped close the gap. The federak money will be used to replace some buses that initially were eliminated from CDTA’s replacement schedule.