NCTD 5 Year Financial Projections. Enlarged Version.

The NCTD is predicting a deficit of:
$109,000 in 2009,
$7 million in 2010,
$10 million in 2011,
$11 million in 2012.

The article below explains how the 2008 budget was balanced.

NCT Transit district dodges service cuts, fare hikes - for now.

Rather than make painful cuts to service or raise fares, the North County Transit District will shift cash from future years to deal with a $4 million sales tax shortfall.

The district's Planning Committee approved a budget amendment Thursday that would shift about $3 million in future federal revenue into the current budget in order to avoid cutting expenses. Richard Hannasch, director of fiscal services for the district, said that the maneuver will fill the budget gap temporarily, but will not alleviate the district's need to either increase revenue or cut expenses in the future.

"It's a short-term fix just by moving money between years," Hannasch said...

Encinitas Councilman Jerome Stocks, who represents his city on the transit board, agreed that the district will eventually have to face its budget demons. But he also hinted that real solutions will come from elsewhere.

"What we have now is a legislative structural problem," Stocks said.