BART Board Approves Fare and Parking Fee Hike Amid Financial Woes.
TL;DR
BART's board of directors approved a plan to increase fares and parking fees to address a budget shortfall caused by the COVID-19 pandemic. Fares will increase 11% over two years, and parking fees will vary based on station and time of day. The fare increase is estimated to raise an additional $26 million in operating funds through fiscal year 2025. The discount for low-income riders will increase from 20% to 50% in January 2024. BART is facing a $93 million deficit in fiscal year 2025 and is seeking temporary state funding to bridge the gap.
Topics:businesstransportation#bart#budget-shortfall#covid-19-pandemic#fare-increase#parking-fees#transportation
- BART board approves increase in fare prices SFGATE
- BART Fares, Parking Rates Are Going Up. Here's How Much The San Francisco Standard
- BART fare and parking prices increase ahead of $93 million deficit San Francisco Chronicle
- BART fare increase: Here’s how much more you will be paying KRON4
- BART board votes to increase fares and parking fees KTVU FOX 2 San Francisco
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