Hampton Roads Transit

HRT has first financial committee meeting since 2009; Newport News still wrestling with how to handle share of 2016 shortfall

HRT has first financial committee meeting since 2009; Newport News still wrestling with how to handle share of 2016 shortfall

Federal dollars could make up the amount that Newport News and Portsmouth will owe Hampton Roads Transit by the end of this fiscal year, officials said Wednesday at HRT's first financial advisory meeting since 2009.

It was a starkly different picture from what cities owe for fiscal year 2016 — HRT's six member cities must pay a total of $5.3 million to fill the transit agency's budget shortfall from decreased ridership and increased operating costs. Cities usually owe money or get refunds every year, but this shortfall was significantly higher than in the past, HRT officials have said.

Newport News owes $1 million, Hampton about $641,000.

The Management/Financial...

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