If you're wondering how budget cuts go from abstract accounting to real life, read on: Below is the list of local Regional Transit bus routes that will cease to operate in June. As part of its response to a budget crisis, Regional Transit laid off 37 employees Monday. An additional 14 employees accepted retirement incentives instead of layoffs, according to RT spokeswoman Alane Masui. Monday's layoffs are expected to be followed by further job cuts; transit system officials plan to lay off about 200 employees in the coming months, Masui said. All told, RT is carrying out $11.7 million in cuts. RT has not laid off employees since the early 1980s, Masui said, noting that the current and