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SFMTA lays out budget plan, seeks state loan and voter measures to close $300M gap
Summary
SFMTA staff presented a three‑part strategy to balance a projected $307 million shortfall in FY26‑27: regional and local ballot measures that together would deliver roughly $305 million to transit, plus agency efficiencies and one‑time sources including a reported $200 million state loan and drawing on reserves and fund balance.
SFMTA leaders on Tuesday detailed a multi‑pronged plan to close an almost $307 million shortfall in the upcoming fiscal year and to steady a structural budget gap that staff say could grow without new, sustained revenue.
City Controller Greg Wagner told the board the broader city faces a large structural deficit — roughly $936.6 million over two years — driven in part by the end of pandemic federal relief and by federal changes to safety‑net funding. SFMTA Chief Financial Officer Brie (self‑identified in the transcript) said the agency now relies on three main pillars to balance the agency's two‑year budget: a Bay Area regional sales‑tax measure, a local parcel tax, and internal efficiencies plus one‑time sources.
"If successful, [the regional measure] would bring $155,000,000 to Muni in particular," the CFO…
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