http://www.showmedaily.org/2009/06/metro-gets-federal-boost.html Advancing liberty with responsibility by promoting market solutions for Missouri public policy Thu, 24 May 2012 00:36:33 -0400 http://wordpress.org/?v=2.8.4 hourly 1 http://www.showmedaily.org/2009/06/metro-gets-federal-boost.html/comment-page-1#comment-2970 Caitlin Hartsell Fri, 26 Jun 2009 20:49:00 +0000 http://www.showmedaily.org/?p=5436#comment-2970 To clarify: The loss that Metro operates on is in part funded by taxes approved for the Metro and transportation. (It amounts to about .75 cent tax in St. Louis City and .50 in St. Louis County) Those taxes cover a good portion of the cost, while much of the rest is covered by federal grants. If that is not sufficient, it makes budget cuts or appeals for more money from the state or federal government. Even though much of the cost is covered in transportation- and Metro-specific taxes, operating at such a high loss needs to be addressed so that those taxes could be lowered or eliminated. To clarify:
The loss that Metro operates on is in part funded by taxes approved for the Metro and transportation. (It amounts to about .75 cent tax in St. Louis City and .50 in St. Louis County) Those taxes cover a good portion of the cost, while much of the rest is covered by federal grants. If that is not sufficient, it makes budget cuts or appeals for more money from the state or federal government. Even though much of the cost is covered in transportation- and Metro-specific taxes, operating at such a high loss needs to be addressed so that those taxes could be lowered or eliminated.

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