Stories indexed with the term ‘AAATA budget’

AAATA FY 2014 Budget OK’d: $33.97M

A $33.97 million expenditure budget for fiscal year 2014 has been approved by the board of the Ann Arbor Area Transportation Authority. The budget for FY 2014, which starts on Oct. 1, includes revenues that almost exactly balance those expenditures, leaving an excess of $20,500. The approval came at the board’s Sept. 26, 2013 meeting.

The FY 2014 budget restores a three-month operating reserve. The board previously had authorized dipping below that level after the state of Michigan’s allocation for operating support last year was less than expected. During the past year, however, the state legislature made an additional appropriation increasing the percentage of operating expenses subsidized by the state from 27.11% to 30.65%.

According to CEO Michael Ford’s monthly written report … [Full Story]