BART projects $14M deficit for coming year 

BART staff members are projecting that the transit agency will have a $14 million budget shortfall in the fiscal year that begins July 1 and will continue to face deficits until at least 2014.

At Thursday's BART board meeting, staff members said two big reasons for the projected shortfall are record declines in ridership and sales tax revenue.

BART's ridership declined by 12 percent last July and 11 percent in August compared to the previous year, but the rate of loss slowed to 5 percent in January.

Staff members are projecting that ridership will continue to decline in the first half of fiscal year 2011 but grow slightly in the second half, leading to flat ridership totals for the year.

Staff members will present BART's preliminary budget for fiscal year 2011 on April 8, and the board is scheduled to adopt it on June 10.

About The Author

Staff Report

Staff Report

Bio:
A daily newspaper covering San Francisco, San Mateo County and serving Alameda, Marin and Santa Clara counties.
Pin It
Favorite

Speaking of Local, bart

More by Staff Report

© 2018 The San Francisco Examiner

Website powered by Foundation