Oh wait - my bad. It's actually still losing money. Pull quotes, my thoughts, and a movie reference quiz below the jump.
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The CMRTA is having trouble paying its bills because of a $3 million deficit, disclosed in mid-June, and because local governments have not renewed annual contracts with the transit authority that lapsed June 30.
Ok, great. So CMRTA is $3 million in the hole each budgeting year, mainly because local towns, cities, and counties don't think it is enough of a priority to get a contract. It's probably because most people have this new invention called a "car" that is much more convenient than a "bus". I don't know about you, but it's very popular here in Columbia. I see these "cars" all over the place.
Earlier this week, the two local governments, which provide the bulk of the CMRTA’s yearly operating funds, agreed to release about $1.4 million of their contributions toward the bus system’s $13 million 2011-2012 budget for next year. But they set the conditions the board accepted Thursday. Those demands also included that the CMRTA move faster to select a permanent director from among the 24 applicants for the post, which has been vacant 61/2 months.
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