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In yet another sign of growing fiscal problems for states and municipalities, Detroit may be cutting key services in certain portions of the city, the WSJ reports.
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The extra dime per trip that Metro began to charge riders this spring isn’t making up for the emergency budget shortfall it was supposed to help solve, according to a new Metro report.
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Mayor Adrian M. Fenty’s proposed budget for fiscal 2011 relies on at least $72 million in new and increased fees and penalties as part of an effort to close a $523 million shortfall.
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The NBA could lose around $400 million this year because of the flagging economy and a crippling labor agreement, according to commissioner David Stern.
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Bad news for already cash-strapped Metro: the massive communications meltdown this week has revealed that two critical but aging power units need to be replaced at a cost of $14 million.
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