Caltrain board adopts framework for dealing with long-term budget deficits

Caltrain’s Peninsula Corridor Joint Powers Board recently approved a long-term financial plan to address projected budget deficits if the agency does not secure additional external funding via a regional ballot measure.

The framework, which was approved at the board’s Thursday budget meeting, is highlighted by the intent to vastly reduce the agency’s operating hours and close many of the agency’s transit stations and segments if faced with a budget deficit at the start of the 2028 fiscal year.