SamTrans directors to hold special meeting tomorrow on fiscal crisis

The San Mateo County Transit District will hold a special meeting on Thursday to discuss its current fiscal woes.

The district, which operates SamTrans, has been struggling with a structural deficit for years, and as a result has had to decrease its funding contribution to Caltrain, leading to a major crisis for its sister agency.

A combination of factors, including the recent economic downturn and a burgeoning roster of transit responsibilities, has contributed to the district’s financial problems, according to SamTrans officials.

Tomorrow, the district’s board of directors will hold a special hearing at 1 p.m. to discuss solutions to its structural deficit problems. The meeting will take place at the district’s headquarters in San Carlos.

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