No fare hikes in new CDTA $86M budget
Published 5:20 pm, Wednesday, March 28, 2018
Albany
Bus fares will remain unchanged in the Capital District Transportation Authority's new $86.1 million budget for fiscal year 2019. The budget was approved at Wednesday's board meeting.
Spending will grow by 1.9 percent. State operating assistance and federal funds are anticipated to increase. The fiscal year runs from April 1, 2018 through March 31, 2019.
A $21.6 million capital spending plan that includes new buses and several facility improvements also received board approval.
The capital plan includes $6 million for transit bus replacement, $1.3 million for Northway commuter bus replacement, $4.7 million for computer aided dispatch and automated vehicle location systems, and $2.7 million for the Uncle Sam Transit Center in downtown Troy.