San Francisco Municipal Transportation Agency is considering an extension on existing parking meter hours and an increase in fares and tickets citations, in order to make up its two-year budget deficit of nearly $80 million.
SFMTA, which operates Muni, released its budget projections for the next two fiscal years yesterday. While the agency will be facing a budget deficit of 79.7 million dollars, it is considering the enforcement of parking meters on Sunday, which are currently free in San Francisco. It is also considering to add 500-1000 new meters on the streets in the city. In addition to that, they may extend existing meter hours as late as midnight in some neighborhoods. These three proposals will add $12.8 million to the agency’s budget annually.
Not only will drivers feel the pain, MUNI riders may also face a fare increase once the SFMTA’s Board of Director’s approve it. It’s considering to increase the single-trip fare from $2 to $2.25, and an extra 25 cents for those riders who transfer to another line every time, but it only applies to customers who pay cash.
SFMTA Executive Director Ed Reiskin says that these are all ideas at this point. The Board of Directors of SFMTA will sit down next Monday and discuss how they can make up the budget deficit.
(Copyright 2011 KTSF. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)