Tag

Transit Systems

All articles tagged with #transit systems

transportation3 years ago•5 min saved

NJ Transit's Budget Battle: No Fare Hikes, but Fiscal Cliff Looms

While New York's Metropolitan Transportation Authority (MTA) has solved its budget problems and achieved a balanced budget through 2027, New Jersey Transit (NJ Transit) is facing a $917 million budget hole that could result in fare increases, service cuts, or layoffs. The stark contrast between the two transit systems highlights New Jersey's lack of action in addressing its budget crisis, leaving commuters uncertain about the future of their daily commutes. Transit advocates are urging New Jersey Governor Phil Murphy and NJ Transit to learn from New York's example and take steps to improve the state's transit system.

via POLITICO|

#budget-crisis #commuters #new-jersey

business3 years ago•3 min saved

Reimagining San Francisco's Future: Addressing the Impact of Remote Work on Tax Revenue.

San Francisco faces a potential "doom loop" as office workers continue to stay home, gutting the city's tax base and decimating regional transit systems. The city's economic recovery from the pandemic has been slow, with a record-high office vacancy rate and a projected $728 million deficit over the next two fiscal years. To combat this, the city is proposing public-private partnerships and streamlining the permitting process for small businesses and office-to-housing conversions. Without action, downtown San Francisco is at risk of collapsing and taking much of the Bay Area with it.

via Slashdot|

#business #economic-recovery #office-workers