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SFMTA warns of $320 million gap; board hears muni funding packages and ballot options
Summary
SFMTA presented a financial update showing a projected $320 million shortfall and offered six funding packages — ranging from ballot-led to service-cut heavy — developed by a muni funding working group; staff emphasized need for regional coordination and near-term bridge funding.
SFMTA leadership told the Transportation Authority Board that the agency faces a projected structural shortfall of about $320 million for FY26‑27 and outlined possible solutions developed by a muni funding working group.
Director Kirschbaum said SFMTA’s operating budget is about $1.4 billion, with roughly 77% dedicated to transit operations; the system is recovering ridership (about 74% systemwide) but downtown recovery lags. She said the agency carries roughly 500,000 daily customers and noted large, one‑time funding sources that helped…
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