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:
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.
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