One big takeaway, albeit not a new one: The farebox recovery funding model may not be the most viable.įor example, while the Metro system in Los Angeles has recovered about 70% of its ridership, the agency expects a $400 million deficit in 2025, and $1 billion in 2026. Monday, Assemblymembers and state senators on the chambers’ transportation committees convened jointly to discuss those issues. So how does California invest in public transit for the future to support commuters and low-income riders, attract new users and reduce its carbon footprint? The COVID-19 pandemic’s impact on the state’s workforce and the end of federal funds put some agencies in an even more difficult financial position - and the governor’s proposal to cut or delay $4 billion in transportation and transit funding doesn’t help. That’s the conundrum transit agencies have long encountered. But to fund additional service, you need more riders. To get more riders on public transit, you need more service.
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