Breaking: Ed Reiskin Lays Off “Roughly a Dozen” Managers at SFMTA
SFMTA Director of Transportation Ed Reiskin has laid off “roughly a dozen” executive staff members at the agency, according to a letter sent to staff today provided by spokesperson Paul Rose. Rose said the agency is not releasing any names yet.
In the letter, Reiskin says the move is intended to reduce the agency’s budget deficit:
Photo: SFBC/Flickr
Colleagues:
I’m writing to give you a brief budget update. As we’ve been focusing on developing a balanced budget for the next two fiscal years, FY 12-13 and FY 13-14, for the MTA Board’s consideration next month, we’ve also been developing means of closing our current – FY 11-12 – budget shortfall. We are currently projected to spend nearly $30 million more than we’ve budgeted and what our revenues can support. We cannot end the fiscal year with expenditures exceeding revenues, so we need to take corrective steps now to ensure we end the year balanced.
To that end, I’m initiating a number of actions to reduce expenditures between now and the end of the fiscal year. These actions include freezing certain non-personnel expenses (contracts, materials), unencumbering funds for certain purchases that will not be completed this fiscal year, reducing overtime expenditures, and eliminating management positions.










