"Two weeks ago, the financial outlook for BART in the new fiscal year looks grim..." reports Rachel Gordon of SF Chronicle.
So to BART's credit, they came up with two solid plans to generate revenue: An increase in parking fines and large advertising contracts. OK, sounds good, at least they are not raising fares and parking permit fees AGAIN.
But here is where I am puzzled. "The nine BART directors voted unanimously to give themselves a raise, boosting their monthly stipend to $1,300 - an increase of $300," Gordon reports.
Now, while I understand inflation must be factored in amongst other things (not to mention they might deserve it), why couldn't they have given themselves the 30% raise AFTER they receive validation that the new revenue plans will in fact generate the projected numbers? Aren't they celebrating too early? The new fiscal year for BART doesn't even start until July 1st. It's like me saying, oh I think I am going to be promoted next year at work, why don't I buy a new Range Rover now?
I'm sure there are plenty of reasons why they voted for their own raise, but in light of the PRESENT outlook, they should have waited to ensure that the revenues from fines and ads are in fact in line with expectations. It just seems weird to me. Otherwise, I'd flatly say the new plans sound great.