Tag: Horry County FY 2014 budget

Coast RTA Budget, Horry County and Communication

The controversy generated by a county budget amendment regarding a Coast RTA revenue grant, added during third reading of the Fiscal Year 2014 county budget, appears to be the result of lack of communication between county and Coast RTA officials.

A two hour meeting with Coast RTA officials last week revealed how the potential loss of a county payment to Coast RTA of $263,758, for the fourth quarter of Fiscal Year 2014, would result in a total loss to Coast RTA of $599,733.

The potential loss of the county grant payment costs Coast RTA an additional $236,523 in matching federal funds, $50,000 in ad revenue and $49,460 in lost passenger fares from two routes that will be cut, Entertainment Express and Airport to Ocean Boulevard. The Coast RTA budget, submitted to the Federal Transportation Authority must reflect these potential cuts.