SFMTA Budget Planning - Fiscal Years 2025 & 2026
The San Francisco City Charter requires the SFMTA to submit a two-year budget in even-numbered years that outlines how the agency will allocate its operating and capital resources for the next two years.
Transportation is vital to San Francisco’s livability, vitality and economic recovery as well as to our equity and environmental goals. As we plan our two-year budget for Fiscal Year (FY) 24-25 and FY 25-26, we are focused on how we can best use our limited resources to provide San Franciscans with the transportation services they need and deserve. Our challenge is that we are still recovering from the economic impact of the COVID-19 pandemic and grappling with the structural deficit we had prior to the pandemic.
Budget Development Process
To establish the two-year budget, SFMTA staff develop a proposed revenue and expenditure plan for the coming two-year cycle for the Operating and Capital Budgets. The SFMTA Board of Directors discusses the budget over the course of numerous board meetings and must approve the budget in time for it to be presented to the Mayor no later than May 1of each even numbered year. The City Charter outlines formulas that determine the level of funding allocated to the SFMTA from the city’s General Fund. If the proposed budget is within the defined funding levels, the Mayor must forward the budget to the Board of Supervisors as proposed. The Board of Supervisors may allow the SFMTA budget to take effect without any action or it may reject the budget.
In order to continue providing the same level of programs and services we provide now – from Muni service to traffic control to street safety improvements – we need to raise $12.7 million in new revenue. This is because costs go up every year with inflation and the cost of living. We are considering increasing Muni fares and parking fees and fines to bridge our budget gap and want to explain our proposals to you and respond to your questions and concerns.
In addition to regular updates and formal hearings at the SFMTA Board of Directors meetings, the SFMTA Budget Team will host meetings for members of the public to meet staff, ask questions, provide suggestions and learn how the agency is funded and allocates resources.
- Virtual Meeting (via Zoom): February 22, 2024, from 5:00 pm – 7:00 pm.
- In-person Open House: March 2, 2024 at the Richmond Library (351 9th Ave, San Francisco, CA), from 11:30 am – 1:30 pm
We’ll also be presenting our budget proposal at neighborhood group, merchant association and community-based organization meetings. For more information or to offer feedback please call 415.646.2299 or email firstname.lastname@example.org.
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