(Updated 9:55 p.m.) Bailing Metro out of its $750 million budget shortfall is going to sting the budgets of localities next year, and the Metropolitan Washington Council of Governments (COG) expects to release a plan addressing it next month.
COG Director Clark Mercer said that the organization’s Chief Administrative Officers (CAO) Committee work group on Metro’s cost structure will release a report next month outlining three options for Metro to consider. One of those options includes a one-time option to use Metro’s preventative maintenance fund against the balance for the next year or two, potentially cutting the shortfall by hundreds of millions of dollars.