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Peninsula Corridor Joint Powers Board - Local Policy Makers Group - April 23, 2026

April 23, 2026 at 5:30 PM PDT

Caltrain Warns of $75 Million Annual Deficit, Possible Service Cuts Without November Ballot Measure

Caltrain Financial Outlook and $75 Million Deficit

Director of Government Affairs Jason Baker presented a financial update projecting a $75 million average annual operating deficit beginning in fiscal year 2028, noting farebox recovery had fallen…

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