BART on track for surplus, but budget woes linger 

click to enlarge BART is expecting  a surplus in its operating budget, but is still facing a $7.5 billion shortfall in its capital budget. - SF EXAMINER FILE PHOTO
  • SF Examiner file photo
  • BART is expecting a surplus in its operating budget, but is still facing a $7.5 billion shortfall in its capital budget.

Transit systems across the country — including Muni — are grappling with major deficits, but BART is expecting to post a surplus in its operating budget, which covers the day-to-day workings of the train system, for the second straight year.

Specific details have yet to be released, but spokesman Jim Allison said BART will have excess revenue for the upcoming fiscal year, which begins July 1.

BART forecasts ridership will grow 3 percent and sales tax revenue will rise 5 percent during the next year, helping to boost the agency’s coffers, which also will benefit from a scheduled fare increase July 1.

However, not everything is rosy for BART. The agency’s capital budget, which covers major infrastructure projects, is facing a $7.5 billion shortfall over the next 25 years. That includes $3.2 billion needed to replace its train cars, which are the oldest in the nation.

This year, the agency shifted some of its operating budget surplus to its capital program. It could do the same for the upcoming fiscal year.

BART’s board of directors will receive details on the budget outlook and discuss possible uses for the surplus at its meeting today.

wreisman@sfexaminer.com

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Will Reisman

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