BART to likely need new funding source beyond fare revenue in coming years, budget officials say

BART will likely need a new funding source in the coming years, the transit agency’s budget officials said Thursday, as relying mostly on fare revenue is not expected to support operating expenses through the end of the decade.

BART’s fare revenue has been unable to consistently reach beyond an average of 30 percent of its pre-pandemic levels over the last two years, and only began to come close last October, outperforming ridership and fare revenue projections in the agency’s fiscal year 2022 budget.