The TAPS Public Transit Board of Directors held a special meeting on October 7, to hear an extensive, detailed, financial and operational report from Interim CEO and Executive Director Tim Patton, on the transit agency’s current financial difficulties.
Patton told the board that without significant revenue inflow and service reductions, the agency is in jeopardy. During the nearly 9 hour meeting, Patton gave the board members an outline of a recovery plan that he said will eventually get the agency back on track.
“TAPS has been serving Texoma for 30 years and we have no intention of letting this important community service disappear,” said Patton. “The board is committed to working with management and staff to better align service with funding. We still don’t know exactly what shape that will take, but by October 21 we will present a plan that we can stand behind.”
Also at the meeting the board elected new leadership. Outgoing chairman Jay Davison (Councilman, Decatur) is replaced by Chris Hill, (Commissioner, Collin County and former TAPS board vice-chairman); Bill Magers (County Judge, Grayson County) is elected vice-chairman; Spanky Carter (County Judge, Fannin County) is elected secretary/treasurer.
Click here for a complete list of board members.
Patton said today’s meeting was a critical first step in his “Moving Forward” initiative and that over the next few days, the detailed recovery plan will begin to take shape. The plan will be presented to the board of directors at the regular meeting on October 21.