County to look again at Metro fare increase


August 7, 2008 · Updated 6:46 PM 

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An unexpectedly sharp drop in sales tax revenues, a softening local economy and continued high fuel costs are sparking a closer review of a Metro Transit fare proposal currently before the Metropolitan King County Council.

New projections released by the King County Office of Management and Budget show Metro will lose $45 million in sales tax revenues in the 2008-2009 biennium and $43.5 million annually beginning in 2010. This loss, combined with a projected $22 million in unanticipated costs due to rising fuel prices and other cost increases means Metro is facing an average annual budget shortfall of more than $70 million.

County Executive Ron Sims has proposed a 25 cent increase in most adult fares. Fuel prices jumped 60 percent this year alone.

Now, Sims and the council take more time to analyze the proposal.

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