Gov. Newsom’s office says it will continue discussing the terms of the loan after the current legislative session ends. | Ringo Chiu / Shutterstock
The California governor’s office has indicated they will not sign off on a proposed $750 million loan to shore up Bay Area transit agencies before the end of this legislative session, reports Juan Carlos Lara for KQED.
The delay could mean significant service cuts for BART, Muni, and other regional transit operators. “But Newsom’s Department of Finance pushed back on the idea that delaying the deal would lead to immediate service cuts, saying it was the department’s understanding that local transit agencies don’t need backfill funding until the middle of 2026 at the earliest. That, the department argued, still leaves time for the deal to be finalized next year.”…