Metro in $25 million hole

Published



Metro likely will end the current budget year $25 million in the hole because of months of faltering ridership, the February snowstorms and rising MetroAccess costs, the agency’s top financial executive said Thursday.

The hole comes despite a temporary 10-cent surcharge the agency began in late February to cover the projected shortfall for the year ending June 30. Officials had hoped the surcharge, plus other measures including the depletion of a rainy day fund, would stem the loss of money.

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