How is Metro’s budget being affected by the recession?
Metro is facing a budget shortfall of at least $6 million to $8 million by 2010 due to the recession. With unemployment up, our ridership and fares are down a lot. The City of Cincinnati has also told us that the earnings tax that funds about half of our budget is down sharply, too. We have to have a balanced budget, so we’ll need to come up with a plan very soon to address this shortfall.
