[PRCo] Pittsburgh: PATransit Funding shortfall looms

[Peter D. Ehrlich]

Hi, gang!

>From Rail Transit Online, 1 Nov 2002.

Milantram

> PITTSBURGH - Funding Shortfall Feared
> A reduction by Allegheny County in next year's funding grant for the Port
> Authority could have a domino effect that may cause the transportation
> agency to lose state and federal grants, endangering two light rail
> projects.  The Port Authority had requested $6.3 million for capital
> projects during 2003 but the county's tentative budget provides only $2
> million.  That means the authority will not meet the state of Pennsylvania's
> requirement for a 3.33-percent local share and, in turn, will fall below
> federal requirements for local financing.  The total loss would be $117
-- Trailing quotes stripped by Listar --