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MTA BOARD DISCUSSES FISCAL YEAR BUDGET OPTIONS

 LOS ANGELES, June 28 /PRNewswire/ -- At a special budget workshop today, the Los Angeles County Metropolitan Transportation Authority (MTA) board was presented with revised options for the funding of future light rail lines and bus service in light of decreased revenues as a result of the lingering recession.
 The staff was able to identify a means to maintain bus service at its current level as well as enhance service on the 25 most crowded lines, and to spend an additional $7 million in the next fiscal year to clean up graffiti on the buses. MTA Chairman Richard Alatorre said, "I am extremely pleased that the other board members share my concern that we find ways to improve the MTA bus service which supplies the transit needs of 1.2 million passengers each day in Los Angeles."
 Several scenarios were presented as a means to fund the $258 rail capital shortfall in order to continue the construction of the Green Line, to be opened in May 1995, and to begin construction of the Pasadena Line from Union Station in downtown Los Angeles. Once these immediate funding considerations are met, the board will be provided recommendations on funding solutions for the construction of the San Fernando Valley East-West Line, the next rail line to be built. The candidate corridor selection process will then follow in sequence.
 Because of a $2.9 billion revenue shortfall that is now anticipated during the next 10 years, the MTA board is wrestling with finding ways to stretch available dollars to meet the bus, rail and highway needs of the region. Board member Nick Patsaouras expressed his concern that the construction schedule of the East-West Valley rail line might be delayed by the reduced revenues. He said, "As we know it today, there are no funds to build the line." The San Fernando Valley line relies almost entirely on local sales tax revenues that have decreased substantially as a result of the local recession.
 The MTA staff intends to identify new long-term options for funding programs such as the East-West Valley line, once decisions have been made on next year's budget. The MTA board meets to consider the 1993-94 budget on Wednesday, June 30.
 -0- 6/28/93
 /CONTACT: Michael Bustamante, 213-244-6591, or Stephanie Brady, 213-244-6792, both of the MTA News Bureau/


CO: Los Angeles County Metropolitan Transportation Authority ST: California IN: SU:

LM-MF -- LA029 -- 6495 06/29/93 00:00 EDT
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Date:Jun 29, 1993
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