BART board set to approve $1.53 billion budget 

BART's board of directors is scheduled to vote Thursday on a $1.53 billion budget — the first time the agency has combined its capital and operating sources under one document.

Unlike other transit agencies in the region and across the country, BART has a healthy operating budget that details its day-to-day machinations. For the upcoming fiscal year, which begins July 1, BART is projecting a balanced operating budget of about $796 million.

The agency's capital plan, which covers long-term infrastructure projects, is projected at $737 million for this year, with state and federal sources funding much of the budget. However, BART faces a $6 billion shortfall in its capital plan over the next decade, forcing the agency to allocate proceeds from its operating budget to help fill that hole. This year's budget includes major investments in the agency's rail car procurement project, its Hayward Maintenance complex and a new train control system.

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Will Reisman

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