 |
|
|
|
  |
 |
|
|
 |
|
|
|
||
|
|
|
| SFMTA home >
About Us
> Reports and publications >
SFMTA Budget Deficit > FY 2010 Budget Details and Proposals | |||
|
Note: This page contains budget proposals as of January and February 2010 and may not reflect actual SFMTA Board or San Francisco Board of Supervisors actions. The San Francisco Municipal Transportation Agency (SFMTA), which operates the Municipal Railway (Muni), is proposing service modifications to most Muni bus routes and rail lines (as well as other cost-saving and revenue-generating solutions) to close a $16.9 million shortfall in its Fiscal Year (FY) 2010 Operating Budget, which ends on June 30. Significant budget deficits are also projected for Fiscal Years 2011 and 2012. Last spring the SFMTA, like almost all transit agencies in the United States, faced an unprecedented budget deficit because of the global and national recession. The sizeable City budget deficit and the elimination of transit operations funding by the State of California contributed to a deficit of $128.9 million for the fiscal year that began last July 1. To balance this deficit, the SFMTA increased revenue by almost $52 million while reducing expenditures by more than $77 million by eliminating positions and finding internal efficiencies. The SFMTA also approved a reduction in Muni service, though the SFMTA worked with the Board of Supervisors to fund service enhancements on some of the busiest Muni routes and lines. Once the fiscal year began, it became evident that the budget was not balanced. Last November, the SFMTA identified a $45 million ongoing shortfall and began to address it immediately through overtime reductions, vendor payment reductions and almost 250 position eliminations, including approximately 100 layoffs. Even after these actions, a $16.9 million shortfall remains. Several proposals to close this gap are under consideration. The presentation for the Jan. 29 SFMTA Board meeting (PDF) (accessible Web page) provides additional details on these solutions and the revenue or cost savings they are expected to generate. The proposals have been updated as follows:
See also:
Explore: |
|
||
|
The San Francisco Municipal Transportation Agency (SFMTA) manages transportation in San Francisco, California. Copyright © 2000-2012 SFMTA. All rights reserved. Updated February 8, 2012 |
|
311