> BART, Muni, Caltrain, AC Transit — which an independent analysis confirmed face annual deficits of more than $800 million annually starting in fiscal year 2027-28
https://www.usatoday.com/story/news/california/2026/01/06/ba...
Nearly a billion dollar shortfall per year going forward. That’s nontrivial, and the state has lost patience with the systems after providing two bailouts already.