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Government Shutdown Cost Metro $5.5 Million In Revenue (DC)
http://wamu.org/news/13/11/07/government_shutdown_costed_metro_55_million_in_revenueMetro has released the numbers on the federal government shutdown, and as expected, the outlook is not great.
The government shutdown lasted from Oct. 1-16, engulfing 11 commuting days. It cost Metro $5.5 million in revenue on a ridership drop of 13 percent, or a loss of 1.7 million trips. During rush hours, rail ridership was down about 20 percent during the shutdown.
To put $5.5 million in perspective, Metro's budget is $1.8 billion. But the transit authority's chief financial officer Carol Kissel says the smaller figure is significant.
"We hadn't expected to lose $5.5 million in the first quarter," Kissel says. "So what that means is we have to be pretty diligent in our spending in the quarter after that."
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