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 RT Press Release
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RT Avoids Service Reductions Proposed for January 2010 - Additional Internal Savings Cover $2.4 Million Budget Shortfall
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CONTACT:
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Alane Masui
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Thursday, August 13, 2009
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PHONE:
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916-556-0121
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FOR IMMEDIATE RELEASE
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At the conclusion of the Sacramento Regional Transit District (RT) public hearing held on July 27, 2009, the RT Board of Directors instructed RT staff to seek additional internal cost-saving measures to avoid bus and light rail service reductions for January 2010. At the public hearing, RT staff proposed a number of options potentially affecting 36 bus routes and light rail service after 9 p.m.
RT Risk Management staff has since identified $2.2 million in additional carryover funds from the Fiscal Year 2009 reserve for Public Liability/Property Damage and Workers’ Compensation. The savings are a result of successful resolution of claims at a lower rate than originally anticipated. Combined with further internal cost-cutting measures and additional revenue totaling $383,000, RT will close the gap on a $2.4 million budget shortfall and avoid further service reductions in January 2010.
“RT staff – across all departments in the organization – has continued to be focused on controlling and cutting costs,” Mike Wiley, General Manager/CEO, stated. “We are extremely pleased that we have been able to avoid another round of service reductions."
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