The Municipal Transportation Agency has managed to shave off over $3 million from its current shortfall, but it still faces a budget deficit of $17.8 million that must be reconciled by the end of June.
In January, the MTA, which operates Muni, first reported a budget shortfall of $21.2 million for this fiscal year, which concludes on June 30. Just over three months later, the agency is still in a hole, although the current deficit represents just 2.2 percent of the MTA’s $775 million total budget.
In January, the agency said it would cut its deficit by cutting down on overtime hours and redeploying its parking control officers to better capture revenue from parking meters and infractions. Neither strategy has had much success.
The agency still thinks it can make up its current shortfall by stepping up efforts to cut down on overtime pay, reviewing all contracts to see if some could be delayed until next fiscal year, and reducing its rent by maximizing space in all of its facilities.