Golden Gate Bridge District wants to tap $20M in reserve funds to balance budget 

The Golden Gate Bridge, Highway and Transportation District, which manages the historic span and operates a transit fleet, has proposed using nearly $20 million in reserve funding to balance its operating and capital budgets for the upcoming fiscal year.

The district is projecting a $6.3 million shortfall for its operating budget, which covers day-to-day operations, and a $13.5 million deficit for its capital budget, which addresses long-term projects like seismic retrofitting and car replacement.

To reconcile the $19.8 million collective shortfall, district staff has recommended tapping into the agency’s reserve funding source.

The district’s finance committee received the budget report on Thursday. The full board of directors must approve a budget package before June 30, the end of this fiscal year.

wreisman@sfexaminer.com

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Will Reisman

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