Sunday, May 09, 2004
Two billion dollars of the estimated cost is to come from local funding -- sales taxes and farebox revenue. The rest is to come from state and federal grants. The state cannot make good on its promises to help fund the BART extension. And the federal government has not said it would provide any money at all.
VTA has a problem on its hands. On the one hand it has cut service and laid off drivers twice in order to work within a dwindling influx of available operating cash. On the other hand, it promised voters in 2000 that BART would be extended to San Jose. Yet it does not, and will not, have the money to fulfill that promise.
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