( KRON ) — The Bay Area Rapid Transit District announced Monday that it eliminated the $35 million budget deficit that was projected for fiscal year 2026. BART officials credited the installation of new fare gates, running shorter trains and hiring freeze as a few of the methods used to curtail spending and generate more revenue.
The Fiscal Year 2026 Preliminary Budget Memo “will now show a balanced budget for the fiscal year beginning July 1st,” BART said in a news release, “but structural deficits of $350 million to $400 million loom in following years unless long term, stable funding sources can be identified.”
According to the transit agency, which has been in service since 1972, the deficit was closed “through a combination of cost controls and revenue generation.”…