The Energizer Bunny of deficits, Muni’s midyear shortfall just keeps growing and growing and growing.
In September, the San Francisco Municipal Transportation Agency, which runs Muni, projected a $23 million shortfall for this fiscal year, which ends June 30. The agency said it could make up that deficit my cutting down on overtime and reducing work orders — bills paid to other city departments for their services.
However, by November the agency’s shortfall had grown to $27.8 million. Now, with about three months left in the fiscal year, the deficit stands at $29 million.
SFMTA spokesman Paul Rose said the deficit has increased in large part because of ballooning salaries and benefits, including higher-than-expected overtime allotments.
The agency is pulling out all the stops to make up the shortfall.
SFMTA chief Ed Reiskin announced last week that a dozen managers, including many prominent names in the agency, were being laid off as part of an effort to save $2 million annually. The agency also is again vowing to reduce overtime while freezing certain nonpersonnel contracts, and releasing funds for purchases that will not be completed this fiscal year.