"Thanks to the hard work of advocates, a $750 million loan was put into the state budget so that Muni, BART, Caltrain, and AC Transit can continue to fund operations. The idea is to give these agencies a way to bridge their funding shortfalls until a regional measure can go before the voters next year. However, now that loan is in jeopardy."
"Unfortunately, now, with less than a week left until the end of the legislative session, this crucial loan still has not been finalized by the Governor's office. If it doesn't get signed off by him by the end of next week, Muni, BART, and other transit agencies will be forced to implement massive service cuts as soon as January of next year."
Advocates secured a $750 million loan in the state budget to allow Muni, BART, Caltrain, and AC Transit to maintain operations. The loan is designed to bridge agency funding shortfalls until a regional measure can appear on next year’s ballot. The loan remains unsigned by the Governor's office with under a week left in the legislative session. Failure to finalize the loan by the deadline would force major transit agencies to implement significant service cuts as soon as January. Constituents are urged to call Governor Newsom and demand prompt finalization of the loan to avoid service losses.
Read at Streetsblog
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