Gov. Gavin Newsom said earlier this month that $750 million in state loans to Bay Area transit agencies will be finalized before the end of the legislative session, 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 in time to hold off impending cuts. Ridership declines that started during the COVID-19 pandemic devastated transportation agencies’ budgets, and state lawmakers led by state Sens. Scott…
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