Friday, May 28, 2010

"BART's capital outlook is sobering"

Matthew Roth from SF Chronicle outlines why. "Staff said the agency faces a projected $6.8 billion shortfall of capital funding needs over the next 25 years, a stat that is consistent with other transit operators around the region."

Read full article here.

1 comment:

Tom said...

If they expect a massive shortfall, why are they talking about using a current surplus to do a temporary price cut?

Are BART's financial officers retarded? Are they so ridiculously ignorant about financial matters that they can't understand the simple concept of saving for a rainy day or investing a surplus to make more money?

When the average housewife can balance her checkbook better than the six-figure financial officers at BART you have a serious problem.