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SFMTA reports FY 2024–25 ended with modest surplus as fare compliance and parking revenues rose
Summary
The SFMTA reported a roughly $84 million positive difference between revenue and expenditures for fiscal 2024–25, driven by improved fare compliance, higher parking revenues and one‑time capital recoveries, the agency's CFO said.
SFMTA Chief Financial Officer Bree Mahorder told the board that the agency finished fiscal year 2024–25 with about $84 million more revenue than expenditures after a year of revenue optimization and tight expenditure controls.
Mahorder said the agency's revenue gains came from two primary sources: increased fare compliance and stronger parking revenue. Transit fare revenue exceeded budget by roughly $2–3 million; SFMTA staff estimated about $2.1 million of the revenue gain was attributable to increased fare compliance rather than ridership alone. Parking revenue was about $11 million above…
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