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Link Transit Financial Update 3/17/2011
Worries over rising fuel costs and uncertainties over future Federal and State funding continued to cause concern at Link Transit as board members met Tuesday to consider their options. The bus system is already faced with an 860-thousand dollar budget shortfall this year.

The current financial problems are mostly caused by the recession and decreased revenues from sales taxes. Board members are hopeful that will change as the economy improves:

The budget cutting plans for the short term that were presented to the board Tuesday are now available for public review. The Link Transit board is scheduled to vote on the proposed budget on May 17th. If approved, the fare changes would become effective July 1st and the changes to the bus routes and schedules would be implemented October 1st.