As the economy teeters at the edge of a recession, Silicon Valley’s 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’s expected to balloon to $14.9 million in 2027. Without tightening its budget, VTA’s reserves could be depleted as soon as the mid-2030s, according to the agency’s 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…
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