John Ley Discusses the Financial Crisis Facing TriMet and C Tran on the Lars Larson Show
Автор: Elect John Ley
Загружено: 2024-08-09
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In this interview on The Lars Larson Show, John Ley, a candidate for the Washington House of Representatives (District 18, Position 2), discusses the stark financial contrasts between two major Pacific Northwest transit agencies: C-Tran and TriMet. While C-Tran has accumulated substantial cash reserves, enough to operate for nearly three years without taxpayer subsidies or passenger fares, Portland's TriMet is projected to burn through $1.1 billion in cash reserves over the next decade.
Ley delves into the broader issues plaguing public transit agencies nationwide, such as declining ridership and rising operational costs, which have led to what the Washington Policy Center's Charles Prestrud calls a "death spiral." The conversation also touches on the implications of federal and state funding, the sustainability of these agencies, and the need for a more efficient approach to public transportation.
For more details, including Ley’s comprehensive talking points that were not fully covered in the interview, check out the full article here: https://electjohnley.com/john-ley-dis...
Topics Discussed:
C-Tran's financial surplus
TriMet's impending financial crisis
Declining transit ridership
Rising operational costs in public transit
The role of federal and state funding
The future of public transportation
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