{"id":56879,"date":"2025-05-22T09:30:16","date_gmt":"2025-05-22T16:30:16","guid":{"rendered":"https:\/\/vietvalley.com\/silicon-valley-transit-agency-expects-multiyear-budget-deficit\/"},"modified":"2025-05-22T09:30:16","modified_gmt":"2025-05-22T16:30:16","slug":"silicon-valley-transit-agency-expects-multiyear-budget-deficit","status":"publish","type":"post","link":"https:\/\/vietvalley.com\/en\/silicon-valley-transit-agency-expects-multiyear-budget-deficit\/","title":{"rendered":"Silicon Valley transit agency expects multiyear budget deficit"},"content":{"rendered":"

As the economy teeters at the edge of a recession, Silicon Valley\u2019s public transit agency is weighing its options on how to weather the storm. VTA is facing a large budget shortfall over the next two years, with a roughly $868,000 deficit in 2026 that\u2019s expected to balloon to $14.9 million in 2027. Without tightening its budget, VTA\u2019s reserves could be depleted as soon as the mid-2030s, according to the agency\u2019s draft budget. To sustain itself, the transit agency is pursuing short term cost cutting measures, such as increasing staff vacancy rates to 20% and continuing its hiring freeze that…<\/p>\n

Read More<\/a>@San Jose Spotlight<\/p>","protected":false},"excerpt":{"rendered":"

As the economy teeters at the edge of a recession, Silicon Valley\u2019s public transit agency is weighing its options on how to weather the storm. VTA is facing a large budget shortfall over the next two years, with a roughly $868,000 deficit in 2026 that\u2019s expected to balloon to $14.9 million in 2027. Without tightening …<\/p>","protected":false},"author":2,"featured_media":56880,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[46,254],"tags":[],"class_list":["post-56879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics","category-english"],"_links":{"self":[{"href":"https:\/\/vietvalley.com\/en\/wp-json\/wp\/v2\/posts\/56879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vietvalley.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vietvalley.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vietvalley.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/vietvalley.com\/en\/wp-json\/wp\/v2\/comments?post=56879"}],"version-history":[{"count":0,"href":"https:\/\/vietvalley.com\/en\/wp-json\/wp\/v2\/posts\/56879\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vietvalley.com\/en\/wp-json\/wp\/v2\/media\/56880"}],"wp:attachment":[{"href":"https:\/\/vietvalley.com\/en\/wp-json\/wp\/v2\/media?parent=56879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vietvalley.com\/en\/wp-json\/wp\/v2\/categories?post=56879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vietvalley.com\/en\/wp-json\/wp\/v2\/tags?post=56879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}