Keeping Bay Area public transit on track, MTC review finds agencies cut $1B in costs

The Metropolitan Transportation Commission last week unanimously approved the first phase of the Financial Efficiency Review, an independent audit of public transit agencies looking to receive funds from a proposed regional sales tax measure under Senate Bill 63 in November.

The audit found the Alameda-Contra Costa Transit District, BART, Caltrain and the San Francisco Municipal Transportation Agency collectively cut over $1 billion in costs since fiscal year 2019-2020 — one of the key requirements transit agencies must meet under state law to qualify for new funding.