Budget schedule accelerated for MTA’s $16.9 million shortfall 

With the time running out to pass a $16.9 million mid-year deficit, the Municipal Transportation Agency is speeding up its schedule for authorizing a series of budget-balancing proposals.

Originally, the MTA’s Board of Directors—a seven-person body appointed by the Mayor—was supposed to vote on the agency’s budget revisions at its March 2 meeting. However, faced with increasing pressure from politicians, residents, and riders, the MTA board will now vote on the budget proposals at its next meeting, which is scheduled for February 16.

If the MTA’s Board of Directors approves the budget at the meeting, the agency can then submit the document to The City’s Board of Supervisors, which has 30 days to either wholly reject or accept the budget. Several Supervisors have expressed concerns about Muni’s budget proposals, particularly measures to reduce service and increase fares. Many of the cost-saving and revenue-generating measures must be in place by April, so the agency can start to realize their gains before the end of this fiscal year, which comes on June 30.

If the agency can somehow get those budget proposals approved, it faces an even bigger test for the upcoming fiscal year—a $52.7 million shortfall.

wreisman@sfexaminer.com

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Will Reisman

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