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4/27/2026
The San Francisco Municipal Transportation Agency’s (SFMTA) board last week approved a balanced two-year operating budget of $1.5 billion for fiscal-year 2026-27 and $1.6 billion for FY2027-28.
The budget closes an immediate shortfall of $307 million in FY2026-27, which begins on July 1, and $344 million in FY2027-28. It also includes modest increases to Muni fares and parking fees and fines that, coupled with increased Muni ridership and continued fare compliance gains, are expected to generate about $30 million and $15 million in the fiscal years, respectively.
"This budget charts a path to a sustainable future for Muni and will help everyone who travels around San Francisco,” said SFMTA Director of Transportation Julie Kirschbaum in a press release. “It shows our shared focus on protecting core Muni services through stronger fiscal accountability paired with significant new revenue to replace pandemic relief funds and stabilize our budget.”
The budget is the first step of a multi-year strategy to reduce costs and stabilize the SFMTA budget since a deficit was projected to grow to $434 million within five years.
The board also approved the agency’s two-year capital budget, with $655 million appropriated in the first fiscal year and $546 million in the second. The funds will focus on sustaining infrastructure, facilities, vehicles and technology that support Muni service, SFMTA officials said.
For example, the capital budget will fund the rehabilitation of up to 157 light-rail vehicles through repairs and system upgrades.