For Bay Area Transit, a $590MM ‘Fiscal Bridge’ (UPDATED 2/20)
The Metropolitan Transportation Commission (MTC) on Jan. 30 reported reaching an agreement with the Office of California Gov. Gavin Newsom and the state’s Department of Finance for a $590 million loan that will “avert major service cuts” at San Francisco Bay Area Rapid Transit District (BART), Caltrain, San Francisco Municipal Transportation Agency’s (SFMTA) Muni, and Alameda-Contra Costa Transit District (AC Transit) during the 2026-27 fiscal year that begins July 1.