Our Chat With Muni, Part 1: ‘A system that could slowly degrade in coming years’
This post is the first in a multi-part series of talks Tara had with SFMTA spokesperson Judson True. We thought it timely for today’s post to be the bits they spent talking about the agency’s astounding $130 million budget deficit for the fiscal year beginning July 1. This post and the others in this series will be cross-posted at SF Appeal.
Muni Diaries: What’s the latest news on what the economic situation here means for Muni, and what, if anything, will any federal stimulus funds do to stave off any cutbacks or restore any funding you thought you lost?
Judson True: We presented to our board of directors a few weeks ago a budget for the fiscal year starting July 1 with a deficit of about $130 million. That’s a big number.
For next year, we’re down about $55 million just from state and regional funding alone. And our money from the city’s general fund is expected to come in at about $25 million less than we expected.