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With new Transit Center, RGRTA boosts assets by 82%

By THOMAS ADAMS - 7/16/2014 4:13:21 PM

The Rochester-Genesee Regional Transportation Authority increased its assets by 82 percent in the fiscal year ended March 31, primarily due to construction of a $50 million transit center downtown and other investments in infrastructure.

The authority reported an increase to net position of $35.7 million for 2013-14, up from $19.6 million in fiscal 2013 and $9.7 million in 2012, it announced late Monday afternoon.

The RTS Transit Center on Mortimer Street is scheduled to open Nov. 28.

Revenue from fares totaled $27.6 million, up from $27.1 million in 2013 and $27 million in 2012, RGRTA reported.

The authority’s greatest liability was in other post-employment benefits, which totaled $33.9 million in 2014. Its obligation in 2013 was $29.3 million and $24.8 million in 2012, it reported.

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