There are some materials from yesterday's (May 1) SMART
(Sonoma-Marin Area Rail Transit) board meeting here:
https://www.sonomamarintrain.org/bod

One of the items is this presentation:
"Fiscal Year 2024/2025 Budget Workshop"
[www.sonomamarintrain.org]

It has this list of priorities through 2025:

FY25 Priorities - Capital
• Complete Petaluma North Project by January 2025
• Complete Windsor Extension by April 2025
• Complete 3 Pathway Projects under construction
• Complete Wayfinding Project
• Complete Real-Time Electronic Signage Project
• Continue design & permitting on remaining pathway segments
• Begin design work on Healdsburg Extension and Pathway
• Maintain state of good repair (SGR)
• Continue seeking grants
• Get Extensions into Plan Bay Area
• Serve 904,200 riders in FY25
• Expand weekday service to meet demand
• From 38 to 42 trips per day – August 2024
• Increase staffing to meet increased workload & provide
for succession planning
• Provide enhanced first/last mile solutions
• Larkspur & Marin Civic Center
• Continue discounted fares & free fares for youth &
seniors
• Remain agile and open to change in post-pandemic
environment
• Promote SMART to increase ridership & enhance public
perception

It also mentions freight business (railfan favorite NWP):

Strategies – Freight
• Increase annual revenue
• Secure funding for capital/ SGR improvement ($10 million)
• Market freight and storage opportunities at SMART
• Leverage storage track at Schellville and Burdell
• Promote transload opportunities at Victory Station (Schellville)
• Acquire new business
• Examine freight tariffs and consider increasing fees
• Manage maintenance requirements
• Bridges, tracks, crossings, equipment, etc.

There are numerous slides on revenue which I won't copy here.

Interesting post by Ralph above. Will SMART still exist five
years from now? I'm not knowledgeable about it.

BOB2?