The Washington Metropolitan Area Transit Authority still has a $184.7 million gap to fill in the upcoming fiscal year’s operating budget, which is in the early stages of being developed.
At a finance and capital committee meeting Thursday, officials from Metro’s financial office told board members of a few ideas they have about how to fill that gap in the fiscal 2024 budget, for the period starting in July 2023.
Here’s a look at some of those options:
Federal funding —The Infrastructure Investment and Jobs Act, which President Joe Biden signed in November, approved federal funding for WMATA through fiscal year 2030, with an increase of $125 million annually starting in the current fiscal year. That funding is matched by Virginia, Maryland and the District.
