While the San Francisco Municipal Transportation Agency is facing a daunting hole in its upcoming two-year budget, its current financial outlook isn’t getting any prettier.
The SFMTA, which manages Muni, recently adjusted its budget deficit for this fiscal year — which ends on June 30 — from $23 million to $28 million. Based on new figures compiled last month, the agency’s expenditures — $818.6 million — are forecast to far outpace its projected revenue of $790.8 million.
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Enforcing parking meters on Sunday, increasing ticket citations by $3, and increasing single-ride fares by 25 cents are some of the ideas being considered by the San Francisco Municipal Transportation Agency to help make up its two-year budget deficit of $79.7 million.The SFMTA, which operates Muni, released its budget projections for the next two fiscal years on Thursday. Not surprisingly, the agency faces daunting budget challenges.
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DIM BULB: The U.S. Postal Service inspector general reported that the deficit-ridden agency could save as much as $335 million a year if it cleaned up its slipshod workers’ compensation practices. Some 16,200 USPS employees and retirees are currently on the long-term workers’ comp rolls — more than one-third of the total for the entire federal workforce.
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Less than three months into the fiscal year, Muni is facing a $23 million annual budget deficit, and the agency’s new executive director said all options except fare increases will be explored to make up the shortfall.
Salaries and benefits are once again the largest contributors to agency budget woes. Payroll expenditures are expected to exceed projections by $14.5 million despite some savings from Muni’s new contract with transit operators.
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There were a lot of tearful hugs down at city courtrooms this past week, just the kind of thing you would expect in a place filled with daily legal drama.
But the emotions didn’t belong to the usual lineup of defendants and families, it was hitting the court reporters and clerks who were overwhelmed by an unprecedented round of layoffs triggered by budget cuts courtesy of the governor and state legislators.
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Supervisor Carmen Chu — chair of the board’s Budget and Finance Committee — expects when the full Board of Supervisors votes on the proposed $6.8 billion budget it will go smoothly with little change and likely unanimous support.
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Members of the police and firefighters unions are about to decide whether to approve wage and pension deals struck between their leaders and Mayor Ed Lee.
The mayor counted on the pacts’ delayed raises and increased pension contributions to help close the $306 million budget deficit in his 2011-12 budget. If union members reject the deals, both departments would be forced to make cuts, most likely in the form of layoffs.
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Thanks to some crafty budgeting work, Caltrain looks set to receive $5 million in federal funds — enough to completely plug an operating deficit that once stood at $30 million.
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Five months after the plan was originally unveiled, a promised crackdown on parking enforcement has finally begun, although the San Francisco Municipal Transportation Agency insists the project isn’t intended to milk motorists for cash.
In January, the SFMTA, which manages parking in The City, revealed a redeployment plan for its parking control officers, a strategy included in the agency’s plan to make up a budget shortfall of $21.2 million.
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Programs for children who have mental illnesses, developmental disabilities or abusive families are some of the hardest hit among more than $50 million in proposed budget cuts.
The deep cuts to children’s services were unveiled as part of initial plans to close an $82 million budget deficit for the fiscal year beginning July 1.
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URL: http://www.sfexaminer.com/topics/budget-deficit
