SAN FRANCISCO (CBS/AP) – Caltrain officials appear to have found the $3.5 million in funding they need to avoid service cuts altogether and maintain the commuter rail system’s current 86-train schedule.
KCBS’ Matt Bigler Reports:
According to published reports, the additional money would come from deferring maintenance and borrowing from a capital fund and the fiscal year that begins in 2012.
The plan is expected to be presented to the agency’s board on Thursday.
Caltrain officials have said without the additional funding they would have to cut 10 trains, slow down Baby Bullets and close three stations. Nine more stations would lose weekend service.
Caltrain director Adrienne Tissier said the agency will likely still have to increase one-way fares by 25 cents and parking fees by $1 per day.
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