Even as the cost of living skyrockets, BART avoids larger rate hikes thanks to over $1.5 billion in federal relief money from the pandemic.
BART leaders on Thursday approved the rail system’s first fare hike in over two years as the agency relies on nearly $600 million in pandemic relief money to stave off service cuts and more drastic fare increases.. Fares for short trips will climb by less than 10 cents while longer trips like Antioch to downtown San Francisco will rise by around 30 cents.
in line with inflation rates. But that was before the pandemic caused a collapse in ridership – BART’s traditional main source of revenue – and inflation surged to over 7% in California. Even as the cost of living skyrockets, BART has been able to restore service to pre-pandemic levels and avoid larger rate hikes thanks to more than $1.5 billion in federal relief that the agency is using to balance the budget through 2026.
By comparison, California’s gas prices have surged 37% since January, and now BART, which has been criticized for costly fares, is increasinglyThe rail operator will be relying on one-time pandemic relief funding from the federal government for years to come, but BART leaders are warily eyeing the timing of when the relief money runs dry.
While ridership has steadily increased in recent months, passenger revenue is not expected to recover to pre-pandemic levels over the next 10 years so BART is projecting to run an up to
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