With an operating deficit expected to reach $30 million this fiscal year — 30 percent of its total budget — Caltrain is in dire need of reform.
On Friday, the Silicon Valley Leadership Group, a business organization, will hold a seminar at Stanford University to discuss potential methods to save Caltrain, which connects San Jose to San Francisco.
The summit will focus on identifying new funding methods for the transit agency, which depends heavily on ridership receipts and contributions from regional partners. Caltrain officials have said that a dedicated funding source is crucial for its operations.
Friday’s summit, which is slated to last from 9 a.m. to noon, will feature elected officials, transportation experts and business leaders. It will take place at the John A. and Cynthia Fry Gunn Building on the Stanford University campus.