Initial Reactions to the TriMet Audit

The State audit of TriMet and the agency response are now available.

There are no huge new revelations. But here are a few initial takeaways:

  • Underfunded liabilities for both pensions and health benefits are confirmed as a significant financial challenge for TriMet
  • Excess executive compensation is NOT identified as a source of financial strain, perhaps taking some wind out of one of ATU’s persistent claims
  • I was surprised by a couple of things:
    1. The poor state of tools and processes that allow management to communicate with employees
    2. Lack of a rigorous performance evaluation system for either union or non-union employees

13 Responses to Initial Reactions to the TriMet Audit