In the sixth hour of their monthly meeting on Thursday, the Metro Board just approved a $4.145 billion budget for the next fiscal year, which begins July 1.
It’s the largest budget in the agency’s history, mostly due to money being spent on the construction and planning of Measure R transit and road projects approved as part of the half-penny sales tax increase in 2008.
Here is the press release from Metro:
The budget will keep Metro fares at current levels, however, the Metro Board today approved lowering the cost of the Metro day pass from $6 down to $5 for a one year test starting Aug. 1 to help attract commuters and others squeezed by rising gas prices.
In FY 12 Metro will trim some unproductive bus lines that were either underutilized or that duplicate service operated by Metro, the municipal bus operators or by the expanding Metro Rail system. Trains are being tested for the first phase of the Expo light rail line that will run from downtown Los Angeles to Culver City past USC. An opening date has not yet been announced but it should be soon.
Metro CEO Art Leahy stressed that Metro is not skimping on maintenance or on street supervision and is focused on improving on time performance, equipment reliability and cleanliness. He also said he is positioning the agency to strategically add service where it’s needed and to give commuters and others more incentives to beat the high price of gas. Service is being added to the Silver Line express bus service from the South Bay into downtown Los Angeles, the Metro Gold Line and the Metro Red Line subway. In addition, Metro will be adding service on selected bus lines to ease overcrowding.