WAVE Transit representatives say they are having a hard time paying their bills.
NEW HANOVER COUNTY, NC (WECT) - WAVE Transit representatives say they are having a hard time paying their bills. Monday, New Hanover County Commissioners voted in favor of loaning the company money to hopefully keep the bus service running smoothly.
WAVE representatives said they have cash flow problems, the federal and state governments reimburse WAVE for most purchases, but the transit authority says they need the money to spend in the first place.
Both the city and county already give WAVE money, but now county commissioners have agreed to loan the transit authority more than 130 thousand dollars. WAVE representatives say they'll pay it back within 120 days.
Even though the vote passed, Commissioner Jonathan Barfield said he's concerned about WAVE's spending. He sits on the WAVE board too and says the county already increased its money to wave's budget and while WAVE might need help, Barfield said he is seeing managers receiving raises.
"I've been very vocal in that the management of WAVE transit has gotten raises year after year,"said Barfield. "My question is, if you know you are in a deficit and running short why would you give a raise at all?"
WAVE representatives said they are working on ways to bring in more revenue. They also said they have asked the Wilmington City Council for help as well.