TriMet must solve money and safety problems

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Must Reads
Wednesday, January 29, 2014

A state audit shows the public transit agency's major issues revolve around low employee morale, maintenance safety and unfunded financial obligations.

"The most serious and looming concerns are the health benefit costs of employees, and the $852 million unfunded liability to pay these benefits for current and future retirees, as well as their beneficiaries. TriMet also needs to fund an additional $274 million liability to pay retirees in its defined benefit plans, now closed to new hires," reads the audit, which was released by the Oregon Secretary of State's Office on Wednesday.

Read more at Portland Tribune

 

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Reader Input: Road Work

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Oregon's roads are crumbling, and revenues from state and local gas taxes are not sufficient to pay for improvements. We asked readers if the private sector should help fund transportation maintenance and repairs. Research partner CFM Strategic Communications conducted the poll of 366 readers in February.

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Reader comments:

"I feel private enterprises are capable of operating at a higher efficiency than state government."

"This has been used in Oregon since the mid-1800s. It is not a new financing method. This form of financing may help Oregon close its infrastructure deficit by leveraging funds."


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