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.
BART s governing board voted unanimously last week to grant a short-term grace period for the system s fare for trips that begin and end at the same station.
BART s governing board unanimously approved its budget for the coming fiscal year last week as well as a preliminary budget for the following 2023-24 fiscal year. As part of the budget, BART will increase fares by 3.4% systemwide.
BART will likely need a new funding source in the coming years, the transit agency s budget officials said Thursday, as relying mostly on fare revenue is not expected to support operating expenses through the end of the decade.