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SolTrans budget and performance update: under‑budget by ~$500K, Clipper fare‑recovery gaps complicate revenue estimates
Summary
Finance staff reported the agency is about 4% (roughly $500,000) under budget, highlighted lingering Clipper equipment and fare‑recovery issues that complicate lost‑revenue calculations, and performance staff described large improvements in missed trips and modest on‑time performance gains.
SolTrans staff presented a quarterly budget and system‑performance update that showed the agency running about 4% (roughly $500,000) under budget for the year to date and reported continued difficulty quantifying lost fare revenue because of Clipper equipment and business‑rule issues.
Christina Botsford told the board the under‑budget position is driven by a mix of factors: liquidated damages assessed against the contractor that reduced contract costs, lower fuel spending while a backup generator was used, and about $100,000 in salary savings from a six‑month…
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