Roaring Fork transit officials project 23 percent revenue drop for 2009
Oct. 9, 2009 | 9:43 am
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Roaring Fork Transportation Authority officials think their revenues will drop 23 percent next year from what was budgeted in 2009 because of the ailing economy, the Glenwood Springs Post Independent reports.
RFTA will get hit hardest by falling sales tax collections. Fares collections will also drop because of sagging ridership, according to the draft budget presented to the board of directors Thursday by Finance Director John Tangen and Chief Executive Officer Dan Blankenship.
“It’s been a difficult year because we had to ask everyone in the organization to make some sacrifices,” Blankenship said.
Go to the Glenwood Springs Post Independent for the entire article.
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