BART could face nine-figure budget deficits as soon as the 2023-2024 fiscal year without a significant increase in its operating revenue, the transit agency’s budget officials said Thursday.
The concern, BART Financial Planning Director Michael Eiseman told the agency’s Board of Directors, is that while ridership is currently ahead of projected totals through September, the Bay Area’s slow return to offices could trickle down to a long-term loss of fare revenue for BART.
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