Funding
When FMCTA began, it was well received by the community and turned a profit at the end of its first Fiscal Year, 1975. The Board of Directors were determined that the Authority could operate at half the funding level and thus cut the funding by fifty percent. In 1978, the City of Fairmont began to cut funding and managed to exclude transit funding entirely. Marion County continued funding until it too discontinued funding for transit in 1988. Currently, the Authority’s greatest source of income is provided by the countywide levy providing 75% of the annual budget. The remaining amount comes from federal highway taxes and farebox revenue.
Read more about this topic: Fairmont Marion County Transit Authority