BART reports strong financial picture for first quarter of fiscal year 

Buoyed by strong ridership figures and growing revenue from sales tax figures, BART posted a solid financial report for the first quarter of this fiscal year.

The regional rail operator carried an average of 363,539 passengers each day, a total that was 6 percent more than projected for the first quarter — which covered July through September of 2011.

Also, for the sixth straight quarter, BART recorded positive growth from sales tax proceeds. Funding from regional sales tax grew by 6 percent for the first quarter — about $1.9 million more than was projected.

With ridership and sales tax both up, BART’s revenue for the first quarter was actually $8.3 million more than expected.

Unlike other transit agencies across the country, BART has not experienced crippling budget deficits in recent years. In fact, the agency finished last fiscal year with a $21.4 million surplus.

wreisman@sfexaminer.com

About The Author

Will Reisman

Pin It
Favorite

Speaking of Under The Dome

Latest in Government & Politics

© 2018 The San Francisco Examiner

Website powered by Foundation