AC Transit Board To Consider Declaring Fiscal Emergency
Flickr photo: pbo31The MTA Board did it this week, and now AC Transit may become the second transit agency in the Bay Area to declare a fiscal emergency. Such a declaration allows the agencies to bypass environmental review in order to implement service cuts.
The AC Transit Board of Directors voted yesterday to hold a public hearing on the issue next month. From the press release:
The projected drop in resources will force the District to deplete itsfinancial reserves, leaving the District with a shortfall in “net workingcapital” of $9.74 million during the next fiscal year (2009-2010.) Thedeficit is expected to worsen by the end of fiscal year 2010, ballooning to asmuch as $57 million.
Fare increases are already scheduled to take effect July 1st. The agency has also instituted a hiring freeze, among other things.
The public hearing will be held Wednesday May 27th, in the second floor Board Room, 1600 Franklin Street, in Oakland.
Stay in touch
Sign up for our free newsletter
More from Streetsblog San Francisco
Oakland DOT Releases Lakeshore Ave. Protected Bike Lane Plans
Oakland is finally moving forward with a protected bike lane project on the east side of Lake Merritt. But questions remain
San Francisco & Caltrans Plan to Widen 280/King Street Off-Ramp
A little girl was run over and killed at a location where Caltrans and SFCTA now want to pump in more high-speed traffic through a freeway ramp widening. Then they wonder why Vision Zero is failing
