The MARTA Board of Directors this past week adopted the Fiscal Year 2015 Operations and Capital Budgets that will take effect July 1.
The proposed FY15 Budget allocates $415.6 million for operations and $470.1 million for capital programs, which includes $149.2 million for debt service.
“MARTA has accomplished a tremendous amount in 2014, and we are confident we can continue in this vein,” MARTA Board Chairman Robert L. Ashe said in a statement. “The agency has weathered and overcome several economic challenges in recent years, and we are pleased with our fiscal outlook.”
The budget adoption process included a series of public hearings May 13-15 where community feedback was solicited.
Some of the budgetary highlights for FY15 are:
- No fare increase
- A 19 percent increase in rail service hours
- Q-Bus (Quality Care) Program to improve overall bus fleet reliability
- Reinstituting mass utilization of more durable and secure paper Breeze tickets
- Increasing the promotional program fare discounts for purchases of 2,000 or more