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Bay Area Rapid Transit (BART) in San Francisco last week unveiled its seven-point plan to reduce costs annually to address anticipated short-term and long-term operating budget deficits created by reduced ridership and revenue during the COVID-19 pandemic.
As of mid-October, BART ridership hovered at 13% of pre-COVID levels. It might not exceed 40% by the end of fiscal-year 2021, agency officials said in a press release. About 70% of BART’s operating revenue comes from fares. Its current fiscal year funding gap is $33 million, BART officials said in a press release.
The seven-point plan calls for BART to:
"The savings from the seven-point plan will help us close the current year gap and become leaner in future years, but we must have contingency plans in case there is no more help from the federal government or other emergency aid," BART officials said.
BART staff will calculate savings achieved under the plan and various service scenarios, and present an update to BART’s board on Nov. 19. After that, staff will review a preferred service plan that would take effect in February 2021.