Determined "to live within our means" despite an anticipated sharp cut in state funding, the MTA Board of Directors has adopted an austere MTA budget for the next fiscal year that still calls for pushing forward with major transportation improvements for Los Angeles County to deal with worsening traffic.
The balanced $2.8 billion spending plan is for the fiscal year that begins July 1, 2003. Due to major capital projects that will be under construction next year and the opening of the 13.7 mile Los Angeles to Pasadena Metro Gold Line, the FY04 budget is up $147 million, or 6 percent, over th...
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