SC&H Group White Papers: "Expertise Beyond the Numbers"
Across the country, nearly every public transit funding stream has declined, leaving officials with difficult financial and operational decisions.
Federal funding, once 65.2 percent of mass transit capital budgets in 1988, has dropped to 44 percent. Meanwhile, 89 percent of transit agencies have reported flat or decreased state funding, and 90 percent have reported flat or decreased local funding, according to a recent American Public Transportation Association survey.
To address these challenges, transit officials often forgo preventive maintenance and expenditures for capital improvements. This often proves to be a bad idea, as hopes of lower costs quickly give way to major repairs, service delays, and negative publicity.
Instead of forgoing preventive maintenance, many officials are doing the opposite – embracing it as part of an overall effort to drive cost savings by improving operational efficiency and effectiveness.
This SC&H Group white paper explains how establishing and optimizing a preventive maintenance program and asset management framework yields greater long-term savings.
Get this white paper now.