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SFMTA CFO: small improvement in FY25 deficit, vacancies and work‑order reviews remain priorities
Summary
SFMTA Chief Financial Officer Breema Hoerger reported a modest reduction in the agency’s FY25 projected deficit from about $4 million to roughly $3 million, discussed hiring freezes, position deletions and intensive reviews of work orders and non‑personnel expenditures as tools to close multi‑year budget gaps.
San Francisco Municipal Transportation Agency Chief Financial Officer Breema Hoerger told the Board on Wednesday that the agency’s fiscal picture for the 2024–25 year has improved slightly but remains fragile, and that staff are pursuing hiring controls, work‑order reviews and other cost controls to address longer‑term deficits.
Hoerger said that as of the March close (the nine‑month point in the fiscal year) the agency’s projected deficit for FY25 had narrowed from a previously projected negative 4% to about negative 3% — roughly $1 million of improvement on a $1.4 billion operating budget. “$1,000,000 out of $1,400,000,000 is not a huge amount of movement, but I think it's success in that it's going the correct direction,” Hoerger said.
Revenue and expense drivers: The CFO highlighted two main revenue weaknesses: operating grants (timing nuances for a newly budgeted grant) and…
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