Caltrain and BART to receive $590 million loan amid deficit

Caltrain and BART to receive $590 million loan amid deficit

California Governor Gavin Newsom signed a bill loaning $590 million from the California State Transportation Agency (CalSTA) to Bay Area transportation services BART, Muni and Caltrain on Feb. 19.  The loan aims to combat recent financial struggles for the services, who are experiencing a combined $800 million annual deficit. After the COVID-19 pandemic, the train systems have faced a steep ridership decline, resulting in economic turmoil and th…