INDIANAPOLIS (Oct. 14, 2014) – On Monday night, the Indianapolis City-County Council approved IndyGo’s 2015 budget.
“We presented a balanced budget although we’re seeing a 10% increase in costs and will be opening the Downtown Transit Center in late 2015,” said Michael Terry, president and CEO of IndyGo. “The council was able to recognize our operational efficiencies and once again supported public transit in Indianapolis.”
Highlights of the proposed 2015 budget, which is a 1% total increase over 2014, includes:
- Total budget of $66.7M
- Increased revenue from fares due to rising ridership
- Service levels and fare structure to remain at current levels
- $11M in federal capital grants to subsidize operating costs
- Projected increase in costs for healthcare, fuel and wages
- All municipal corporation budgets will now move to the Department of Local Governmental Finance (DLGF) who will approve or make adjustments to budgets by the end of February.
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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. On its 31 local service fixed routes IndyGo provided 10.2M passenger trips in 2013. Visit IndyGo.net or call 317.635.3344 for more information. Find IndyGo on Twitter @IndyGoBus or Facebook by searching pages “IndyGo.”
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