March 19, 2013 > AC Transit to end year with balanced budget
AC Transit to end year with balanced budget
Submitted By Clarence Johnson
For the second consecutive year, AC Transit is on track to end FY 2012-13 with a balanced budget, resulting from a series of new initiatives and performance strategies.
The local economy's on-going recovery has led to a more stable, reliable stream of subsidies primarily from sales and parcel taxes but new performance and management strategies have taken effect over the past year, cutting expenses, boosting workforce efficiency and winning approval from the AC Transit Board of Directors.
"It is great to know we have a stable budget platform to make our service better as we proceed into the future," said Board President Greg Harper.
"Our focus now is on a variety of new initiatives to improve efficiency as a way to both upgrade our customer service and reduce our expenses," said General Manager David Armijo. "For example, we are buying new, better-performing buses, phasing out older, less reliable vehicles that routinely require expensive repairs."
"All things considered, we are heading in the right direction," Armijo said.
For more information, visit www.ACTransit.org