As others have noted, the budget projections over at Muni have gone from abysmal to merely terrible. This, surely, is a sign of progress. And, make no mistake, the agency is breathing quite a bit easier in the wake of some unexpected cash infusions than it was even a month or so ago.
But even a cursory glance over the budget projections that will be presented at tomorrow's Municipal Transportation Agency Board Meeting reveals a number of accounting assumptions that may or may not bear a resemblance to Muni's fiscal reality — with tens of millions of dollars in the balance.
For example, 10 percent service cuts are still set to go into effect May 1 — despite Mayor Gavin Newsom already firing off a press release congratulating the MTA Board for doing away with them. Well, Newsom's mandate never made it to the budgeting department; those 10 percent “service modifications” are slated to save Muni $28.8 million in fiscal 2011 and $29.4 million in fiscal 2012. No, you can't have it both ways — but this budget does.