RICHMOND, Va. (WRIC) — The Greater Richmond Transit Company (GRTC) is warning of a significant financial shortfall by 2031 — a gap large enough to force service cuts if new funding isn’t secured.
Internal financial projections show the agency’s reserves could fall from roughly $50 million to about $300,000 over the next several years. GRTC leaders say the outlook is serious, but not unique.
“This is in the transit world happening all across the state in various parts of the nation,” said Ashley Potter, a spokesperson for GRTC…