Muni is in dire financial straits as COVID-relief funds reach their end. To avoid catastrophic service cuts, San Francisco’s transit agency will need voters to approve two different revenue measures in November 2026. Cost reductions and efficiency are also part of the strategy to keep buses and trains running. This research paper takes Muni’s “vitals” by looking at how the system performs relative to its peers on efficiency, productivity, and effectiveness. SPUR’s analysis also suggests places to find savings and improve performance over the coming years.

On behalf of more than a dozen organizations, this letter thanks Governor Newsom and the legislature for advancing a $590 million one-time loan to the Bay Area’s four largest operators, which provides the Bay Area with the support and flexibility to avoid catastrophic near-term service cuts.

Public transit systems across California are experiencing a financial crisis, with ridership and fare revenues remaining depressed as inflation and tariffs push costs higher. As Sacramento is asked to commit more resources to agencies that are locally controlled, the question of how to ensure that transit is “accountable” to lawmakers, taxpayers, and riders looms large.