ION - Waterloo Region's Light Rail Transit

[Pheidippides]

PS - how do you find all these nuggets of information burried so deep in these documents?! Do you read every one?

Keyword searches in the PDFs mostly.

Like this one, I just came across indicating that the budget is being built on the assumption of revenue service will start as of May 1st, 2018 (yes that is a Monday, but probably makes the accounting easier; maybe that is where Galloway got the date from originally - a preview of the budget):
"B2 ‐ Budget increased to reflect the following operating costs, all based on May 1, 2018 revenue service date."

Park and Ride           75,000
Fare Enforcement                          730,000
Traction Power                                    778,000
Insurance                                            662,300
Property Taxes                                   557,200
GrandLinq Contract                7,648,000
Sub-total  10,450,500

Reduction in general office expenditures.          (55,889)
Total  10,394,611



It should probably be noted that is this is probably a best practice, especially in an election year. Allocate funding ahead of the time you will need it so that you don't suddenly have a major hole in your budget halfway through the year right before electors go to the polls.