BART is on track to run out of federal relief funds by March 2025, with estimated operating deficits of more than $300 million per year over the next several years, according to the transit agency s preliminary budget.
Barring a sudden return to pre-pandemic ridership levels, BART s long-term future will likely hinge on a future ballot measure that would partially subsidize the transit agency, officials said Thursday.
A group of state legislators called on leadership this week to protect funding for public transit systems after Gov. Gavin Newsom suggested cuts in his proposed budget.
Cutting BART service enough to shore up its projected nine-figure annual deficits in the coming years would result in a "death spiral" for the transit agency, officials said last week.