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Why Transit Systems Are Going Broke
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Why Transit Systems Are Going Broke
The Washington Post has taken a deep dive into the finances of BART — San Francisco’s Bay Area Rapid Transit and discovered why it’s in a financial hellhole. The Post found that BART labor costs have risen $150 million since 2019, while ridership dropped by 73 million trips. BART is threatening to make massive service cuts if voters don’t approve a steep tax increase on the November ballot. The obvious solution is to privatize transit systems. A…
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