MEMPHIS, Tenn. — In new developments in the city’s public transportation system’s funding issues, the city’s legal team calls into question the Memphis Area Transit Authority’s failure to return federal funds.
The saga picked up this week as MATA’s interim Chief Financial Officer Hamish Davidson accused the city of holding the $4 million needed for operating expenses.
“I have never come across such difficult and onerous position in managing the cash flow at a business,” he told the board. “It is going to get to a stage unfortunately where there will be vendors that withdraw their services. They will be critical services and there will be no buses running on the streets. That is not the fault of the people in MATA.”
MATA leader says she didn’t know about agency’s shaky finances
This summer MATA announced a $60 million deficit, which lead to them halting the trolleys while also cutting …