Metro Board Approves $2.5B Budget for 2012

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    NEWSLETTERS

    TK
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    Metro’s board of directors approved a $2.5 billion budget for the upcoming 2012 fiscal year on Thursday.

    The new budget goes in to effect July 1.

    Despite a $66 million deficit in Metro’s operating budget, the new financial plans did not include any major rail fare hikes.

    Metro will however increase bus-to-rail and rail-to-bus transfers by 50 cents on some bus routes near Anacostia and Congress Heights.

    The new plans will also create a bus route between the Pentagon and Mark Center in Alexandria, Va.