Here we go again. MARTA is back to complaining about the state-imposed 50/50 restriction on its sales tax revenues, which holds that half the money can go to subsidize operations but half must be reserved for maintenance and capital projects. From an AJC report:
MARTA General Manager Beverly Scott warned Monday that the transit agency needed to start preparing for deep service cuts in part because the state legislature failed to lift regulations on how much it can spend on operations.
That failure coupled with projections that sales tax revenues — MARTA’s main funding source — will come up $130 million short in the next five years of what had been previously projected means the agency will have to make cuts to ensure it has the $40 million in operating reserves required by law.
“We will have to gut significant parts of the service,” Scott said.
I dealt with this issue a couple of years ago in the special series of columns I wrote about MARTA’s perennial financial woes. In