Guam - The Guam Regional Transit Authority is seeking ways to stretch its bottom dollar. Interim Executive Manager Felix Dungca says the board earlier this month approved the $938,000 the agency received from the U.S. Department of Transportation to be used for the remainder of the fiscal year.
The funds were delayed threatening services for the agency earlier this year. Dungca says while the agency's $3.2 million budget for the current fiscal year was exhausted in May, he admits they are in the processes of making operational changes to ensure every penny is spent wisely. "Right now we are working out the fine details as to how much reduction that would occur, if we don't reduce the current operations then we are going to run out of funds and shutdown transit, and we never considered that an option," he explained.
He says they are also discussing possible options to expedite the process of securing federal dollars. In the meantime, Dungca says they are seeking other ways to raise revenue, such as increasing bus fares, selling advertisement space on the buses and at bus stops, or even have parking meters in Hagatna.