Speaking of public transportation needed to support the projected growth in Bay Area population and employment over the next 30 years, Caltrain ridership is at an all-time high and some rush hour trains are standing room only.
At the same time, while revenue from riders is also at an all-time high and the electrification of Caltrain is expected to substantially reduce operating costs starting in 2019, ridership revenue only covers half of Caltrain’s current operating budget and the “one-time” source of funds from Caltrain’s three operating partners (SamTrans, the Santa Clara VTA, and the San Francisco Municipal Transportation Agency) is set to run out at the end of the 2013 fiscal year.
Next week, SamTrans will ask San Mateo’s Supervisors for a share of the sales tax increase approved by San Mateo voters last November, funds which could be used to help fund Caltrain, a ballot measure is being considered in San Francisco.
∙ Bay Area Plan To Support 2 Million More People Up For Vote [SocketSite]
∙ Electrifying Mission Bay And Transbay Transit Center News [SocketSite]