From: Joseph Calabrese
Sent: Thursday, January 12, 2017
Subject: RTA Update
I’m pleased to share with you RTA’s 2016 Highlights.
Although RTA was often in the news in 2016, the “good news” stories seemed difficult to find!
Please review our accomplishments, feel free to share them with your colleagues, and be sure to call with any questions or suggestions.
RTA finished 2016 in a good financial position and has a stable budget for 2017. Our biggest challenge ahead is to encourage the State of Ohio to take steps to mitigate the impact of a future loss in sales tax revenues as a result of a federal ruling which, if not addressed, will reduce annual resources to RTA and Cuyahoga County by approximately $40 million annually.
...I truly appreciate your strong support.
Joseph A. Calabrese
CEO, General Manager and Secretary-Treasurer
1240 West Sixth Street
Cleveland, Ohio 44113