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Bay Area Rapid Transit (BART) recently approved a $523.8 million fiscal-year 2006 interim operating budget, which includes a $24 million deficit.
The budget calls for eliminating 115 positions (half of which already are vacant), freezing executive managements’ salaries for one year, increasing parking fees at some stations, adding a 10-cent surcharge to tickets and shortening trains to more closely match demand.
However, BART will add some morning peak-hour trains.
Agency officials will try to balance the budget through on-going contract negotiations with BART’s five labor unions.
5/27/2005
Rail News: Rail Industry Trends
BART adopts interim operating budget
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Bay Area Rapid Transit (BART) recently approved a $523.8 million fiscal-year 2006 interim operating budget, which includes a $24 million deficit.
The budget calls for eliminating 115 positions (half of which already are vacant), freezing executive managements’ salaries for one year, increasing parking fees at some stations, adding a 10-cent surcharge to tickets and shortening trains to more closely match demand.
However, BART will add some morning peak-hour trains.
Agency officials will try to balance the budget through on-going contract negotiations with BART’s five labor unions.
