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ST. LOUIS – A budget for the fiscal year beginning July 1, 2014 has been approved by the Board of Commissioners of the Bi-State Development Agency/Metro.

The budget includes a planned 2.5 percent fare increase and allows for $315.9 million in operational expenses as well as a $602.8 million three-year capital budget for fiscal year 2015, which will allocate resources to run the public transit system.

FY2015 will also include a 3.1 percent increase over the previous year's expenses before depreciation in the operating budget due to higher fuel and maintenance coasts, rising employee benefit expenses, and rehabilitation projects for MetroLink and MetroBus stops.

Resources are also allocated within the budget for major projects, which includes the Civic Center Transit Center expansion, creation of the North County Transit Center, updating the fare collection system, rehabilitation the Eads Bridge, as well as transit service vehicle replacement.

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