
VTA plans to get more aggressive expanding its revenue sources with reserves expected to be depleted by the mid-2030s. The VTA board of directors on June 5 unanimously approved its $599 million budget for fiscal year 2025-26 and a $610 million budget for 2026-27. Deficits up to $14.9 million are expected by 2027. Plans include strategies to cut costs, such as monthly furloughs and upping the public transit agency’s vacancy rate, as well as strengthening some revenue sources, such as expanding its transit-oriented developments or joining a regional sales tax measure. Board members questioned the agency’s money saving strategies, sharing…
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