Port Authority budget includes no fare hikes or service cuts
Port Authority of Allegheny County's board of directors on Friday adopted a $366.6 million budget for the fiscal year starting in July that doesn't include any fare increases or service cuts.
The spending plan is 1.5 percent smaller than this year's.
Port Authority cut pension costs to about $17.5 million from more than $30 million this year. A contract agreement reached last year with Amalgamated Transit Union Local 85 requires union members, including drivers and mechanics, to contribute more toward their pensions. The pact also allows Port Authority to replenish 2008 pension losses over the next decade instead of five years.
Port Authority's base fare will remain at $2.50, among the nation's highest for major transit agencies. Port Authority expects to carry about 60 million passengers next fiscal year, about the same as this year but down from almost 64 million in 2012.
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