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SFMTA CFO says fiscal picture cautiously stable; agency still faces multi‑year deficit and will use hiring freeze and controls to limit gap
Summary
CFO Breema Horger told the board the agency's fiscal year 2024–25 deficit narrowed slightly to about $3 million as of March, credited hiring freezes and non‑personnel spending controls, but warned of a projected $322 million gap in 2026–27 that will require a mix of revenue and expenditure measures and regional collaboration.
San Francisco Municipal Transportation Agency Chief Financial Officer Breema Horger gave the board a fiscal update on Tuesday, saying the agency’s projected deficit for fiscal 2024–25 improved slightly from a prior estimate and that staff would continue cost controls, but also reiterated a multi‑year funding shortfall that will require a mix of actions.
Horger reported that the agency’s estimated deficit for the year is about $3 million as of March — an improvement from a previously projected $4 million shortfall — driven in part by…
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