Caltrain faces an immediate budget deficit of $30 million — nearly one-third of its budget — and has threatened major service cuts. Although this rail system is one of the most efficient parts of the Bay Area transit infrastructure, it lacks a dedicated funding stream and relies on annual payments from the SF Municipal Transportation Agency (MTA), Samtrans and Valley Transit Authority (VTA). Caltrain has increased ridership by one-third since 2000, doubled revenue and kept the increase in operating costs below inflation. Given the importance of Caltrain as an armature for future regional growth and mobility (and the corridor for the future high-speed rail system), SPUR has convened a working group to identify solutions to provide Caltrain with a sustainable long-term funding source. Interested in supporting Caltrain? Email: email@example.com.
March 2, 2011