Financial Review: Member Jurisdictions of the Washington Metropolitan Area Transit Authority
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1987-02-01
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Abstract:This Financial Review was commissioned by the Urban Mass Transportation Administration ("UMTA") and contains pertinent credit information for the jurisdictions who contribute funds to the Washington Metropolitan Area Transit Authority ("WMATA") for the purpose of constructing, maintaining and operating the Metrobus and Metrorail transit systems. Jurisdictions currently contributing funds to WMATA for this purpose are: Washington, D. C., the State of Maryland (through the Washington Suburban Transit Commission), Montgomery County, Prince George's County, the Commonwealth of Virginia (through the Northern Virginia Transportation Corn mission), Alexandria, Arlington County, Fairfax County, Fairfax City and Falls Church. The purpose of this Review is to provide a snapshot of the current financial condition of the member jurisdictions. The combination of the information in this report and the cost data provided by the Federal City Council constitutes a data base for local and state officials responsible for preparing a rail construction financing plan. This plan would provide a strategy for constructing a metrorail system after the exhaustion of funds available under PL 96-184 (the Stark-Harris Legislation). It will also be useful to the Congress and the Department when they review future financing plans. The objective of this Review is to synthesize and distill pertinent information into an accurate database available for all to see and assess as part of their respective financial planning efforts. Tables, charts, appendices. 7,964k, 164p.
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