Caltrain: Fees Raised, Service Cut
"The Peninsula Corridor Joint Powers Board, which oversees Caltrain, held a public hearing Thursday on the proposals to cut costs and raise revenue.
The board took no action on the $99.4 million budget plan Thursday - that will come later this month or early next month - but voted unanimously to declare a fiscal emergency.
The San Francisco Municipal Transportation Agency recently took that step, and AC Transit is set to consider declaring a fiscal emergency later this month.
The financial pain is the result of state cuts and falling fare box and tax revenue."