. ATL 
. Always curious. Email me: jpascale@wamu.org.
Metro is using the $877M from the federal CARES Act to cover the losses, they're not asking for an additional subsidy from localities, which are also hurting big time.
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New: WMATA expecting to take a $438M hit in revenue in FY2021 budget b/c of COVID-19. Metro also expects costs to increase by about $19M. And take a look at that ridership prediction chart... Metro doesn't see pre-pandemic levels of ridership coming back until Q4 2021pic.twitter.com/G1a9ZCnJQB
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Metro says its service recovery plan (which you can read about here: https://wamu.org/story/20/05/11/metro-reopening-plan-more-trains-buses-than-demand-but-wont-return-to-full-service-until-2021/ …) will save them about $20M. Hiring freeze/not filling vacancies saves another $20M And another $5M in savings from deferring supplies/materials purchases
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It appears that localities will get about 10% of their annual subsidy to WMATA back because of all of these changes.pic.twitter.com/OKxlYd1TA6
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Lastly, WMATA says they're ready to jump on any potential infrastructure stimulus money that comes out of this... They're looking at short and long-term investments "including high visibility projects of regional/national interest."pic.twitter.com/cS0Pnj3wVp
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Full budget presentation: https://www.wmata.com/about/board/meetings/board-pdfs/upload/4A-FY2021-Budget-Revision-Signed-0512.pdf …
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Wiedefeld in a press release: “While we are deeply grateful to Congress for their support, we will need additional help to get the nation’s capital moving again.” https://www.wmata.com/about/news/Metro-balances-budget-with-federal-CARES-funding.cfm …
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FYQ4 2021 ≠ Q4 2021. It starts March 1st, Q2 2021.
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*April 1st, 2021
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