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Metro plans to lower annual subsidy request


Metro plans to lower annual subsidy request
Justin George, The Washington Post
Jan. 11, 2021
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A train passes through the Federal Triangle Metro Station on Dec. 1, 2020, in Washington.Washington Post photo by Matt McClain
WASHINGTON - Newly cash-infused Metro has gone from an agency on the financial brink to cutting its funding partners a break, proposing to lower the amount of money it requests from jurisdictions for annual operating expenses.
Metro General Manager Paul Wiedefeld is proposing to forgo asking Metro s main funders for an increase in their annual subsidy commitments next fiscal year, according to a Metro plan released Monday. ....

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Metro to lower its annual subsidy request from Washington-area jurisdictions


Metro to lower its annual subsidy request from Washington-area jurisdictions
Justin George
Newly cash-infused Metro has gone from an agency on the financial brink to cutting its funding partners a break, proposing to lower the amount of money it requests from jurisdictions for annual operating expenses.
Metro General Manager Paul J. Wiedefeld is proposing to forgo asking Metro’s main funders for an increase in their annual subsidy commitments next fiscal year, according to a Metro plan released Monday.
The transit agency can legally ask for up to a 3 percent yearly increase from the state of Maryland and cities and counties of Virginia that, along with D.C., provide Metro with the bulk of its annual operating budget. Metro has asked for the increase each year since the cap was passed two years ago, but this year, transit officials say they are cognizant of the financial constraints the coronavirus pandemic has wreaked on tax revenue that ....

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