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SFMTA warns of large budget shortfall; seeks regional funding, modest fee changes and operational savings
Summary
SFMTA reported steep revenue losses — transit down about 62% since FY18–19 and parking down ~38% — and projected a roughly $214 million near-term deficit. The agency plans modest fee adjustments, efficiency gains and is supporting regional tax legislation (SB 1031) while preserving targeted equity protections.
During the May 15 Budget and Appropriations Committee hearing, SFMTA Executive Director Jeffrey Tumlin outlined the transit agency’s revenue challenge and the strategy the agency is proposing to avoid deep service cuts. "Our transit revenue is down 62% compared to fiscal year 18–19," Tumlin said, and he added that parking revenue is about 38% lower than in 2018–19.
Tumlin told supervisors the agency anticipates a major budget shortfall in coming years — he cited a $214,000,000…
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