Is BART making money?
Is BART making money? Factoring in these new state budget funds, assuming MTC commissioners adopt the staff recommendation in mid-November 2023, BART must now solve a $326M deficit before FY28. It was previously $678M. BART would then face and annual operating deficit of $264M starting in FY28.
Is BART in financial trouble?
Once celebrated for its financial independence, BART is now facing a financial crisis. In large part because of just that, its dependence on riders.
Why is BART 50% off?
In celebration of BART's upcoming 50th anniversary on September 11, BART is offering a 50% discount for the entire month of September 2022. The reduced fare will be automatically deducted when using Clipper at the fare gates.
Why is BART struggling?
The COVID-19 pandemic changed how Bay Area residents live, work, and travel. It hit BART and all other public transit systems hard, decimating transit ridership and, along with it, the transit fare revenue we rely on to keep trains running. We are in an unprecedented moment, with the survival of BART at risk.
How does BART make money?
The operating budget funds the annual operation and maintenance of the BART system. Operating budget sources include passenger and parking revenue, taxes, and financial assistance from local, state and federal sources.