Silicon Valley Transit Agency Expects Multiyear Budget Deficit - San José Spotlight

Silicon Valley transit agency expects multiyear budget deficit - San José Spotlight

As the economy teeters at the edge of a recession, Silicon Valley’s public transit agency is weighing its options on how to weather the storm. VTA is facing a large budget shortfall over the next two years, with a roughly $868,000 deficit in 2026 that’s expected to balloon to $14.9 million in 2027. Without tightening its budget, VTA’s reserves could be depleted as soon as the mid-2030s, according to the agency’s draft budget. To sustain itself, …

Silicon Valley transit agency expects multiyear budget deficit

VTA is facing a large budget shortfall over the next two years, with a roughly $868,000 deficit in 2026 that’s expected to balloon to $14.9 million in 2027. The post Silicon Valley transit agency expects multiyear budget deficit appeared first on Mountain View Voice.