The Greater Richmond Transit Company is facing a “potential financial cliff” and the exhaustion of its reserve dollars in the next six years, according to documents from a Sept. 30 board retreat. kAm%9@D6 5@4F>6?ED :?5:42E6 E92E 2FE9@C:EJ 3@2C5 >6>36CD 92G6 6IA=@C65 D6CG:46 4FED[ 56=2JD E@ A=2??65 C@FE6 6IA2?D:@?D[ >2C8:?2= :?4C62D6D E@ C68:@?2= D2=6D 2?5 82D E2I6D 2D H6== 2D E96 6DE23=:D9>6?E @7 2 =6GJ @? C:56D92C6D =:<6 &36C 2?5 {J7E 2D A@DD:3=6 D@=FE:@?D]k^Am kAm#68F=2C k2 9C67lQ9EEADi^^HHH]C:568CE4]4@>Q E2C86ElQ03=2?<Qm3FD C@FE6D @A6C2E65 3J v#%rk^2m — H9:49 :D ;@:?E=J @H?65 3J E96 8@G6C?>6?ED @7 #:49>@?5 2?5 r96DE6C7:6=5 r@F?EJ — D6CG6 #:49>@?5 2?5 A@CE:@?D @7 r96DE6C7:6=5 2?5 w6?C:4@ 4@F?E:6D] %96 4@>A2?J 2=D@ @A6C2E6D 4@>>FE6C 2?5 D62D@?2= D6CG:46D E@ !6E6CD3FC8[ pD9=2?5 2?5 A2
GRTC faces ‘financial cliff,’ exhaustion of reserves by 2031

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