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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. ....
The San Francisco Bay Area Rapid Transit District relied on fare revenue before the pandemic. Ridership has lagged since COVID, and so have revenues. ....
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. ....