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Push is on to stabilize, strengthen RIPTA finances before General Assembly ends

With financial and operational audits showing a generally well-run agency, advocates focus on reforming the way public transportation is funded in Rhode Island.

Aiming to avoid the recurring fiscal crisis that forces the agency’s Board of Directors to hike fares and cut service, the New Public Transit Alliance (NuPTA) has been promoting funding reform policies that safeguard the agency against the negative impacts that volitile gas prices have had on the transit agency’s budget. This phenomenon was particularly pronounced during the summer of 2008 when fuel prices skyrocketed, gas consumption decreased sharply (causing a significant drop in RIPTA revenue) and demand for public transportation soared.

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One Response to Push is on to stabilize, strengthen RIPTA finances before General Assembly ends

  1. Jerry Gillen June 22, 2009 at 10:39 am #

    Let us level the playing field and let everyone pay. The days of the free rides are over. The taxpayers are being overwhelmed at every turn and we are tired of it.
    RIPTA management has had the same mindset for over 20 years. I think it time for some major changes.