Projected $15-million budget deficit looms over Valley Transportation Authority

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Projected $15-million budget deficit looms over Valley Transportation Authority

//automotive-transportation.news-articles.net/co .. -looms-over-valley-transportation-authority.html

Published in Automotive and Transportation on Tuesday, May 27th 2025 at 4:01 GMT by KRON
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

The Santa Clara Valley Transportation Authority faces an operating deficit close to $900,000 in 2026 and a ballooning deficit of nearly $15 million by 2027, the agency says.

The article from Yahoo News discusses a projected $15 million budget deficit for the city of San Diego in the upcoming fiscal year, as reported by the city's Independent Budget Analyst (IBA). This deficit is attributed to increased costs in various sectors including public safety, infrastructure maintenance, and employee pensions. The IBA suggests that the city may need to consider raising taxes, cutting services, or finding new revenue sources to address the shortfall. The article also mentions that the city council and mayor are currently in discussions to develop a balanced budget plan before the start of the new fiscal year.

Read the Full KRON Article at:
[ https://www.yahoo.com/news/projected-15-million-budget-deficit-052427854.html ]

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Projected $15-million budget deficit looms over Valley Transportation Authority