Capital Metro revenues continue upward trend
Newsroom
12/18/2012

Revenues supporting Austin's bus system keep ticking upward and that means people around town are spending more money by each passing month. 

Capital Metro revenues can be seen as a canary in the coal mine, for the Austin economy. 80-percent of their funding comes from one cent of the 8 cents everybody pays for each dollar spent. Capital Metro money expert Billy Hamilton says sales tax collections are up 22%. That's just over two million dollars and that, he says, is surprising. 

Hamilton says looking back on November, the question is how did the Formula-One race help. He says it added about $600,000 in revenue.


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