US EditionNewsom Announces Short-Term Financial Relief for Bay Area Transit Agencies
- Gov. Gavin Newsom confirmed that the state will provide financial support to Bay Area transit agencies, but details will not be finalized until fall 2025.
- Transit agencies, including BART and Muni, face funding gaps starting in June 2026 after pandemic emergency funds end.
- A proposed legislation mandates the finalization of support by January 10, 2026.
- Lawmakers, including Scott Wiener, expressed optimism about completing a deal soon to avoid service cuts.
12 Articles
12 Articles
The Mercury news
East Bay TimesBay Area transit will get a bailout, Newsom says. But it may not be the $750M they wanted
A deal between Gov. Gavin Newsom and Bay Area lawmakers on a bailout for the region’s struggling transit agencies won’t come together before the end of the Legislative session — but state funding is still on the table. After Bay Area lawmakers raised alarm bells earlier this week that the governor was reneging on a deal to provide a $750 million loan to the region’s struggling transit agencies as part of an earlier budget agreement, Gov. Gavin N…
Newsom announces short-term financial relief for Bay Area transit agencies
SAN FRANCISCO (KRON) -- California Gov. Gavin Newsom announced on Wednesday that the state would offer short-term financial assistance to beleaguered Bay Area transit agencies. The governor pledged to provide the agencies with an infusion of hundreds of millions of dollars. The state's Department of Finance and the California State Transportation Agency will work with the transit agencies and regional partners to design "short-term financing too…
Danville San Ramon
After stalling, governor says $750M in Bay Area public transit loans will be made available
Gov. Gavin Newsom said Wednesday that $750 million in state loans to Bay Area transit agencies will be finalized before the end of the legislative session on Friday, after a deal reached in June to create the funding looked to be breaking down. The post After stalling, governor says $750M in Bay Area public transit loans will be made available appeared first on Danville San Ramon.
After Stalling, Governor Says $750M In Bay Area Public Transit Loans Will Be Made Available
Gov. Gavin Newsom said Wednesday that $750 million in state loans to Bay Area transit agencies will be finalized before the end of the legislative session on Friday, after a deal reached in June to create the funding looked to be breaking down. BART, San Francisco Municipal Transportation Agency, Alameda-Contra Costa Transit and Caltrain were all banking on the money after a budget agreement in June indicated the money would be made available …
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