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Streetcar Facing $1.4 Million Budget Deficit in Cincinnati
Hannah Sparling and Sharon Coolidge report from Cincinnati: "The streetcar’s new budget predicts a nearly $1.4 million deficit in fiscal year 2020 – a big enough gap that it will suck up the streetcar’s reserves and could, for the first time, leave city taxpayers on the hook for the difference."
According to the article, the streetcar's poor financial situation is caused by low ridership and loess-than-expected advertising revenue. It's still unclear how the city will address the budget shortfall.