11/30/2011 03:21 pm ET

Metro Fare Increase A Possibility In 2012

Metro riders could see a fare hike next year as the transit authority faces a projected $124 million shortfall.

The preliminary operating budget for fiscal year 2013, which starts July 1, estimates that revenue will drop $3 million to $809 million and expenses will rise $121 million to $1.5 billion. If area jurisdictions that help fund Metro do not make up the difference, Metro would have to look elsewhere for the money.

Read more on The Washington Post