EVP Finance Statement and CMTA Board March 23

This is a statement from Randy Hume EVP of Finance and Administration:

"Capital Metro is current on all its financial obligations. We've been forecasting since 2006 that our cash reserves would decrease, and we've spent $299.2 million between 2003-2009 on legitimate capital projects to improve transit services within Capital Metro's service area. The budget challenges we are facing now are similar to other transit authorities, and many transit authorities have had to take more drastic measures than Capital Metro to balance their budgets." (The meeting notes go on to say) -- Randy then highlighted some potential actions Capital Metro might take to make up the difference stressing the desire to avoid layoffs and major cuts to service.

Now it is really apparent that these people:
1) never admit that they did anything wrong
2) assume that the public is really stupid and apathetic
3) smoke lots of crack