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Committee tables proposed long-term FastPass agreement with BART after budget analyst warns of cost exposure
Summary
The subcommittee heard MTA and BART representatives about a proposed FastPass agreement that would raise the per-ride MTA reimbursement from $1.02 to $1.19 and tie future MTA payments to BART's fare policy; the budget analyst warned the 8½-year deal could expose the MTA to significant unknown costs (estimated $20.5M by 2018) and the committee voted to table the agreement to recommence negotiations.
The Budget and Finance Subcommittee tabled a proposed long-term FastPass agreement between the Municipal Transportation Agency (MTA) and BART after the committee’s budget analyst said the current draft could expose the MTA to potentially escalating costs.
Sonali Bose of the MTA explained the FastPass proposal extends a pass that has operated on Muni and BART for decades. Under current practice the MTA…
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