- VTA is still a few billion dollars short of what is necessary to build the BART project to downtown San Jose.
- The state is expected to make further funding cuts to transit because of the its budget crisis.
- VTA is already anticipating shortfalls in sales tax revenue. Automobile sales, one of the largest contributors in sales tax revenue, is expected to fall by double digits from a year ago.
- VTA, like many other transit agencies around the country, took advantage of a tax loophole (leaseback transactions of assets) in the past that allowed them to generate additional revenues. Because of the fall of AIG, which is the insurer of most of these transactions, transit agencies are facing the possibility of paying millions in penalties.
Even if Measure B passes, at best it would buy VTA a few more years of lies. In the meantime, existing VTA service would come under an even greater threat.
It is unfortunate that in this valley we have so called "leaders" who are obsessed with the BART brand name and the downtown subway. While their obsession with a type of trains is one thing, their willingness to distort reality and sacrifice existing service is another. If we were, like other regions, put the brand name obsession aside, we would've achieved consensus and deliver quality and cost-effective transit.