TRANSACTIONS NEWSLETTER ONLINE

July/August 2007

Commission Actions

June 2007

Adopted the Proposition 1B Regional Transit Program, which combines $347 million in state Proposition 1B funds with uncommitted state transit funding for a $419 million total investment package. The program expands MTC’s Lifeline Transportation commitment to low-income communities, invests in transit projects in the region’s urban core and provides funding for ridership growth on smaller transit systems. The package also commits future funds toward settling a longstanding financial issue regarding acquisition of the Caltrain right of way.

Approved by the state’s voters in November of 2006, Proposition 1B created a new $20 billion pot for transportation infrastructure, directing $3.6 billion toward transit improvements statewide. The Bay Area is in line for about $1.27 billion from this new public transit fund, with $347 million flowing through MTC and the remainder going directly to the transit operators.

MTC Resolution 3814

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