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SolTrans says extra RM3 dollars ease Solano Express fiscal cliff; board receives revised forecast
Summary
SolTrans reported a new RM3 allocation that boosts Solano Express operating support from $1 million to $3 million annually and earned additional federal operating funds; the board unanimously received the revised financial forecast and discussed fare, fuel and long-term funding implications.
SolTrans leaders told the board they had found steadier operating support for the Solano Express service, presenting a revised forecast that staff said pushes the agency’s fiscal cliff several years into the future.
Executive staff said the Metropolitan Transportation Commission (MTC) has allocated RM3 operating funds that raise Solano Express’s ongoing annual allocation to $3 million from $1 million. Christina, the agency finance lead, told directors the RM3 change “gives us an additional $2,000,000 just came our way annually for Solano Express,” and called it a major factor…
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