Published August, 17 2011

Media Contact
Samantha Cross
Office: (317) 614-9265
scross@indygo.net

For Immediate Release

IndyGo to Host Public Hearing on Budget Next Week

Indianapolis, IND (August 12, 2011) – On Thursday, August 4, the Indianapolis Public Transportation Corporation (IPTC) board of directors were presented the 2012 budget. The 7-member bipartisan board will be hearing public comments on the proposed plan next week on Thursday, August 18 at 5:00 p.m. at IndyGo.

The IPTC budget process/timeline:

• August 4, 2011 – Proposed budget introduced to IPTC Board of Directors
• August 18, 2011 – IndyGo Public Hearing, 5 p.m.
• August 29, 2011 – Final IPTC Board of Directors adoption of budget
• August 31, 2011 – IPTC files adopted budget with City County Council
• September 19, 2011 – IPTC budget introduced at City County Council, Public Hearing
• October 10, 2011 – Municipal Corporation Committee final budget review & recommendation
• October 17, 2011 – City County Council approval of IPTC budget

On August 18, the public is invited to share their comments concerning IndyGo’s budget. Comments may be shared directly with the IndyGo Board or written for review after the meeting. In addition to the public hearing, the public may also call 635.3344 or visit IndyGo.net to submit comments if unable to attend the public hearing. Comments will be compiled for the board’s consideration before the final adoption of the budget on Monday, August 29, 2011.

The Public Hearing will be held in IndyGo’s Training Center, located within its headquarters at 1501 W. Washington Street. Parking is available as well as transit via IndyGo’s Route 8.

The proposed budget is available for download at http://www.indygo.net:8080/pages/financial-reports.

Highlights of the proposed budget include:

• Budgeted expenses of $57 million
• Projected revenue shortfall of approximately $6.4 million
• Gap analysis includes shortfalls in federal, state and local funding; loss of one-time funding; fuel increases

IndyGo’s budget constraints are not new to the corporation. With year-to-year uncertainty regarding revenue streams, the IPTC Board will review all its available options to address the budget shortfall including excess levies, service reductions (Fixed Route and Open Door), fare increases, and the use of capital funds. No specifics will be finalized by the board until the August 29, 2011 meeting.

Upon final adoption by the IPTC Board of Directors, the budget will then be given to the City County Council for review and final approval.

All IPTC Board meetings are held at 1501 W. Washington Street and City County Council meetings are conducted in downtown’s City County Building on Market Street.

About IndyGo:
IndyGo, the Indianapolis Public Transportation Corporation, provides public bus transit services to residents and visitors throughout Marion County. IndyGo is led by President and Chief Executive Officer, Mike Terry, and a seven-member, bipartisan board appointed by the Mayor of Indianapolis and the City-County Council of Indianapolis and Marion County. With 29 Fixed Routes and a Flexible Services Department, which includes an ADA-compliant paratransit service, IndyGo provides an average of nine million trips per year to our city’s workforce, students, seniors and visitors. Visit www.indygo.net or call 317-635-3344 for more information. Follow IndyGo on Twitter at IndyGoBus. Be an IndyGo Facebook Fan; search pages “IndyGo.”