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BART passes $1.82 billion budget emphasizing reinvestment

Published Thursday June 9

OAKLAND — BART’s Board of Directors passed a $1.82 billion budget for the next fiscal year today, allocating more for system rehabilitation and anticipating slowing growth in tax and fare revenue.

The budget is an increase from last year’s $1.6 billion budget but anticipates only a five percent increase in revenue growth as ridership in abundant areas has reached capacity and sales tax revenue growth is expected to slow.

Budget projections over the next 10 years show a plausable budget shortfall of hundreds of millions of dollars.

Nontheless, despite the possibility of deficits in the coming years, the budget passed today is balanced, according to BART figures.

Article length: About 300 words.
Tags: El Cerrito
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