7.B. 21-163b Consider adoption of Resolution 23-016 selecting one of the following options for the planned local and Transbay fare increases: 1. implement the previously deferred increases effective July 1, 2023, and defer the second planned local fare increase to July 1, 2024; or 2. defer the implementation of the previously deferred local and Transbay fare increases by one year to July 1, 2024, and defer the second planned local fare increase to July 1, 2025. Staff Contact: Chris Andrichak, Chief Financial Officer