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| SFMTA home > About Us > Reports and publications > Budget > FY 2011 and FY 2012 Budget Details > Intent to Declare Fiscal Emergency FY 2011 - 2012 | |||
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The SFMTA’s two-year Operating Budget for fiscal years 2011 and 2012 projects deficits of $56 and $45 million, respectively, due mainly to the global economic downturn and the loss of $180 million in state funds over the past three years as presented to the SFMTA Board of Directors on March 2. Various options under discussion by the SFMTA Board of Directors to address these deficits include Muni service reductions, stop consolidation, increases to various fares, fees, fines and rates that support the City’s surface transportation network as well as taxes and fees that would require ballot measures. These changes and increases are subject to the California Environment Quality Act (CEQA). However, CEQA provides a statutory exemption for such reductions and increases if implemented as a result of a declared fiscal emergency caused by the failure of revenues to adequately fund agency programs, facilities and operations. A “fiscal emergency” means that the agency is projected to have negative funding within one year from the date of declaration. It is important to note that a declaration of fiscal emergency does not by itself implement service changes or changes to fares, fees, fines, rates and charges that support transit service. The SFMTA Board of Directors was required to hold a public hearing to receive public testimony regarding the proposed declaration of fiscal emergency. This public hearing took place on Tuesday, March 2, 2009, at noon in Room 400, City Hall, during the Board’s regularly scheduled meeting. The Board of Directors will continue to take comments until Friday March 12. Public comments can be made by emailing sfmtabudget@sfmta.com or by calling 311. The mailing address for comments is: SFMTA Board of Directors Within 30 days after the public hearing, the SFMTA is required to respond to comments received from the public. The SFMTA will respond to the public comments at the regularly scheduled March 30 SFMTA Board meeting. At that same meeting, SFMTA staff will request that the SFMTA Board of Directors declare that a fiscal emergency exists for the SFMTA for fiscal years 2011 and 2012 beginning July 1, 2011. The SFMTA last declared a fiscal emergency in 2009 and 2005. For details on these proposals in languages other than English please call 311. Outside San Francisco: 415.701.2311. TTY: 415.701.2323. Explore: |
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The San Francisco Municipal Transportation Agency (SFMTA) manages transportation in San Francisco, California. Copyright © 2000-2012 SFMTA. All rights reserved. Updated February 8, 2012 |
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