On October 4th, 2017 the Office of the Legislative Auditor released the first in a new series of quarterly audits of our sprawling regional authority, the Met Council, with a focus on its transit financial activity. Transit financials are of particular interest right now, as the Met Council is pursuing nearly $1 billion in federal funds for its much maligned Southwest Light Rail Transit (SWLRT) line that it hopes to impose on the Twin Cities as part of expanding its Metro Transit system.

However, as that project has stumbled, an apparent disconnect has emerged: On the one hand, the Met Council appeared to be telling the federal government that Metro Transit's financials were in good enough shape to earn SWLRT the second highest rating available (Medium-High) from the Federal Transportation Administration (FTA).
 
And on the other hand, the Met Council was telling the Minnesota Legislature (and anyone else who would listen) that its Metro Transit division is facing a structural deficit that must be addressed with additional taxpayer funding.

And the OLA's verdict is...

I joined Justice and Drew on KTLK on Wednesday to discuss the just released audit from the Office of the Legislative Auditor on the Met Council's finances. Rep. Nash joins us in Part 2 of the discussion. I'll have more details on this later in the week.

Listen to the podcast here.