Dallas Area Rapid Transit - Financial Scandal

Financial Scandal

In December 2007, DART revealed that it was facing a $1 billion shortfall in funds earmarked for the Blue Line rail service to Rowlett and Orange Line service to Irving, and DFW Airport. In January 2008, DART announced that it would divert monies from rail lines being built in Dallas. When Dallas officials protested, DART president and executive director Gary Thomas—who had known about the shortfall for at least eight months—announced that the agency would borrow more money instead.

In late January 2008, DART Board chair Lynn Flint Shaw, who was also treasurer of Dallas Mayor Tom Leppert's "Friends of Tom Leppert" fund-raising committee, resigned from her DART post. In February, she surrendered to the police on charges of forgery. On March 10, Shaw and her husband, political analyst Rufus Shaw, were found dead in their home in what turned out to be a murder suicide.

Read more about this topic:  Dallas Area Rapid Transit

Famous quotes containing the words financial and/or scandal:

    Just as men must give up economic control when their wives share the responsibility for the family’s financial well-being, women must give up exclusive parental control when their husbands assume more responsibility for child care.
    Augustus Y. Napier (20th century)

    Gossip isn’t scandal and it’s not merely malicious. It’s chatter about the human race by lovers of the same. Gossip is the tool of the poet, the shop-talk of the scientist, and the consolation of the housewife, wit, tycoon and intellectual. It begins in the nursery and ends when speech is past.
    Phyllis McGinley (1905–1978)