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23 <br />Critical Inflection Point <br />No External Funding Scenario <br />Even Significant Cuts Won't Solve <br />the Deficit <br />Cutting service drives away riders, <br />reducing operating revenue in <br />a downward spiral, offsetting much of <br />the savings from cuts. Significant <br />deficit remains. <br />Reduce to hourly service <br />Eliminate weekend service <br />End service at 9:00 PM <br />Close ~1/3 of stations <br />Cut segments of service <br />Cuts to administrative costs <br />Eliminate special event service <br />Suspend all Caltrain service <br />Ridership & Revenue Are Growing <br />Caltrain will continue to grow <br />ridership, generate revenue, and find <br />cost savings —but growth and cuts <br />cannot close the gap.