Washington's Metro Grows More Reliant on Taxpayer Subsidies
- System will depend upon subsidies for over 50% of 2018 budget
- Ratings agencies split about agency’s creditworthiness
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The Washington Metropolitan Area Transit Authority’s board approved a budget Thursday that draws more heavily on taxpayer subsidies after ridership plunged as portions of the subway system in the nation’s capital were shut down for maintenance.
The for the fiscal year that begins July 1 relies on $374.2 million from Maryland, $251.3 million from Virginia, and $375.2 million from the District of Columbia.