The San Francisco Municipal Transportation Agency could lay off as many as 1,226 employees – 22% of the agency’s workforce – next fiscal year as the agency faces a mounting budget deficit with few other options to make ends meet. The SFMTA’s leaders laid out the dire situation in a presentation to staff Monday and will paint the same bleak picture to its board Tuesday. The coronavirus pandemic, shelter-in-place and economic recession have devastated the city transit agency’s finances, with fares down around 95% and parking fees and fines about halved. The agency, which runs Muni and oversees the city’s streets and taxis, already cut $118 million this year by freezing hiring and reducing operational costs because of reduced service, but it still hasn’t been enough. Ridership and revenue haven’t rebounded as hoped earlier in the pandemic. The SFMTA currently faces a $68 million deficit this fiscal year and an estimated $168 million budget hole next fiscal year. Last-resort layoffs are growing increasingly inevitable. Between 989 and 1,226 employees are likely to be laid off next fiscal year, staff predict. The agency could even slash between 226 and 504 jobs in this fiscal year, which ends in June, after cutting… Read full this story
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