Ferry Board Adopts $87.9M Budget as Chair Eyes Funding Beyond RM3
Board of Directors • San Francisco Bay Area Water Emergency Transportation AuthorityJune 15, 2026
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SF Bay Ferry's board locked in its spending plan for the coming year on June 15, 2026, while its chair warned that the agency's longer-term finances need attention now. Directors voted 5-0 to adopt a fiscal year 2026-27 budget with $87.9M in operating expenses. Board Chair James Wunderman formed a two-member committee to find funding options beyond Regional Measure 3.
- FY2026-27 budget adopted 5-0, with $87.9M in operating expenses and a $10M reserve contribution
- Chair forms two-member panel to study ferry funding beyond Regional Measure 3
- Oakland-Alameda Water Shuttle extended two years, 5-0, with more than $3M secured
- Sole-source engine contract and electrification cost increase approved after the chair raised vendor lock-in concerns
- Ridership hits 109% of 2019 levels, but weekend crowding is hurting on-time performance
- Vallejo terminal study identifies nine access projects around the system's busiest route
Why it matters: The budget sets near-term spending, but some capital projects rely on funding sources that have not yet been identified. Fuel prices remain a live risk.
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