When the odometer starts pushing a million miles, it’s natural to start asking about how to finance a new vehicle — but Hampton Roads Transit, which owns a bus that well-used, didn’t get the answer it was hoping for from the General Assembly this year.
Still, the legislature did take steps that HRT thinks will help it tackle a basic financial pressure: how to pay for replacing its aging buses and ease the ever-mounting costs of fixing them when they break down, said Brian Smith, the agency’s in-house legislative affairs manager.
The General Assembly expanded a way of allocating state operating subsidies that so far has given HRT a leg up in the competition for state money.
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