Jan. 29--GREENSBORO -- City officials say the Greensboro Transit Authority faces a $2 million shortfall and needs a new plan to steer clear of an impending budget crash.
They recently formed a special committee to chart a new course for the agency. The seven-member advisory group plans to hold its first meeting Thursday morning, GTA spokesman Kevin Elwood said Wednesday in a press release.
GTA's looming cash crunch stems from increased ridership coupled with declining revenue, Elwood said.
The committee to get GTA back on it feet includes four members of the City Council and three members of the transit authority's board of directors.
The group will hold its initial meeting Thursday from 10 a.m. to noon at GTA's administrative offices at 223 W. Meadowview Road. The committee plans an eight-week review that will include a series of community meetings and research from an outside consultant.
The committee plans to wrap up with a report and recommendations that would be submitted to the GTA board and, eventually, the council.
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