Caltrain’s board approved a nearly $43 million interim operating budget for the first quarter fiscal-year 2021.Photo – Caltrain Facebook
Caltrain’s board last week approved a nearly $43 million interim operating budget and a $19.1 million interim capital budget for the first quarter fiscal-year 2021.
The $42.9 million interim operating budget includes a projected $8 million in farebox revenue, representing an $18.5 million decrease over Q1 farebox revenue in FY2020. This comes as the California agency grapples with a decline in ridership from 65,000 passengers per day to just 1,300 due to the COVID-19 pandemic, agency officials said in a press release.
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