L.A. Metro cuts budget by $1.2 billion, locking in steep reductions to bus, rail service

United States News News

L.A. Metro cuts budget by $1.2 billion, locking in steep reductions to bus, rail service
United States Latest News,United States Headlines
  • 📰 latimes
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 82%

With ridership and sales tax revenues plummeting, L.A.'s transit agency extends 20% cut in bus and rail service for nearly a year.

Pac-12 Conference university presidents and chancellors voted Thursday to start playing a seven-game season on Nov. 7.Advertisement

“There is a lack of trust that they will come back, for obvious reasons,” said Reed Alvarado, the transportation director at FastLinkDTLA, a downtown group working to get more residents out of their cars. Metro will receive about $875 million through the coronavirus stimulus bill that Congress passed in March. The allocation will not pay for all the agency’s added operational losses, and does not cover capital costs for major construction projects, officials said.$3-trillion relief package

Elected officials in Washington “went on vacation, they’ve gone to golf courses when they should be passing something,” Garcetti said. “I hold very little hope that something will be done before the election.”The 16.5% budget cut assumes that Metro will see $730 million less from sales taxes, tolls, advertising and bus and rail fares than this year, officials said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

latimes /  🏆 11. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Citi Pledges $1 Billion To Narrow The Racial Wealth Gap, Confront Wealth InequalityCiti Pledges $1 Billion To Narrow The Racial Wealth Gap, Confront Wealth InequalityCiti announced a $1 billion commitment to address racial wealth disparities by ruthumohnews
Read more »

JPMorgan set to pay nearly $1 billion in spoofing penalty - sourceJPMorgan set to pay nearly $1 billion in spoofing penalty - sourceJPMorgan Chase & Co is set to pay nearly $1 billion to resolve market manipulation investigations by U.S. authorities into its trading of metals futures and Treasury securities, a person familiar with the situation said on Wednesday.
Read more »

JPMorgan Nears Deal to Pay About $1 Billion to Settle Spoofing ProbesJPMorgan Nears Deal to Pay About $1 Billion to Settle Spoofing ProbesJPMorgan is nearing an agreement to pay a fine of about $1 billion to settle civil and criminal charges that its traders rigged futures and securities markets
Read more »

JPMorgan set to pay nearly $1 billion in spoofing penalty - sourceJPMorgan set to pay nearly $1 billion in spoofing penalty - sourceJPMorgan Chase & Co is set to pay nearly $1 billion (£786 million) to resolve market manipulation investigations by U.S. authorities into its trading of metals futures and Treasury securities, a person familiar with the situation said on Wednesday.
Read more »

Citi to dedicate more than $1 billion to initiative for closing the racial wealth gapCiti to dedicate more than $1 billion to initiative for closing the racial wealth gapCiti announced that it will invest more than $1 billion in four key areas that will help to close the racial wealth gap in America and create economic wealth for communities of color.
Read more »

Spotify CEO to invest over $1 billion of his own wealth for 'moonshot' bets in EuropeSpotify CEO to invest over $1 billion of his own wealth for 'moonshot' bets in EuropeSpotify CEO Daniel Ek says he will commit more than $1 billion of his own wealth to make “moonshot” bets in Europe, focusing on deep technology.
Read more »



Render Time: 2025-04-23 13:02:40