Pins matching tag:"Fiscal Cliff"

BART's board initially approved an Alternative Service Plan to close a $376 million deficit if no new money arrives: three lines and 30% higher fares from January 2027 and 1,200 layoffs, then up to 15 stations closed and trains stopping at 9pm.

Facing a $307 million shortfall, the SFMTA board unanimously passed a balanced two-year budget ($1.5 billion in FY2026-27, $1.6 billion in FY2027-28) that keeps Muni service whole for a year using a $200 million state loan, higher cable car fares and the end of the Clipper discount.

The regional transit district certified an estimated 235,503 valid signatures, above the 205,831 needed, putting a 14-year sales tax for BART, Muni, Caltrain and AC Transit (1 cent in San Francisco, half a cent in four other counties) before voters on 3 November.