"The San Francisco Municipal Transportation Agency (SFMTA) announced that its Board of Directors approved a two-year operating budget totaling $1.5 billion for fiscal year 202627 and $1.6 billion for 202728, closing projected shortfalls of $307 million and $344 million."
"The agency cites rising labor costs particularly healthcare and retirement obligations, which continue to drive its structural deficit, with personnel expenses growing faster than revenue despite a reduction of 89 positions."
"The agency's plan relies on three sources: continued efficiencies and smaller revenue gains from fares, parking, and advertising; a proposed regional sales tax under the Connect Bay Area Transit Initiative that could generate about $155 million annually for Muni."
The SFMTA's proposed budget includes slight increases in single-ride Muni fares and cable car fares, while reducing fines for uncurbed wheels. The two-year operating budget totals $1.5 billion for 2026-27 and $1.6 billion for 2027-28, addressing projected shortfalls. A capital budget of $655 million will fund infrastructure and safety upgrades. Rising labor costs contribute to a structural deficit, necessitating additional funding sources to avoid service reductions. Proposed measures include a regional sales tax and a local parcel tax to generate significant revenue for Muni.
Read at sfist.com
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