As the state Legislature deadlines draw near, regional transit agencies are scrambling over a precarious yet critical state loan to help them maintain operations and avoid service cuts.

Last week, the California Department of Finance said it wouldn’t be able to finalize details of the $750 million loan before the end of the legislative session. The loan was supposed to act as a bridge to help major transit agencies continue operating as usual for at least another year before the 2026 election, when regional and state leaders are hopeful voters will pass a regional, 14-year sales tax measure that would go toward major transit operators.

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(4) comments

cube_corner

Amazing that they say "Without this funding [the loan] it will be impossible for Caltrain to adopt a balanced budget". Borrowing money doesn't help you balance a budget. Where were these people educated? Sad.

easygerd

That happens when you spent your money on a new CEO, a new, expensive HQs, a very expensive experimental train.

In Caltrains defense, Rico E. Medina, Diane Papan, David Canepa have sabotaged their ridership by giving us that awful Lexus Lanes project along 101, because the YIMBY-companies "lobbied" them to do so.

Terence Y

Folks, don’t fall for the scare tactics. The system-wide outage on BART was reportedly caused by a software update which didn’t update as desired. Note that all this time, even during the COVID era, these transit agencies are operating at 100% capacity with only 50% or less demand. These transit agencies could easily practice fiscal management but they won’t – because it’s all about rewarding union workers. These folks only want the public to serve union workers and not the public to be served by public transit. Vote NO on any tax measures because that money will be used mainly, if not all, towards paying ever-increasing union salaries, pensions, and benefits

cube_corner

[thumbup] More budget increases just help these bloated agencies insulate themselves from reality. It's all the same stuff over and over again every decade.

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