Transit Finance Working Group
The Transit Finance Working Group meets monthly to discuss new funding opportunities and issues that may affect transit agencies’ operating costs.
Creating and running the Bay Area’s regional transportation infrastructure requires money.
The Transit Finance Working Group meets monthly to discuss a wide range of financial issues related to transit service in the region.
Topics of discussion often include new funding opportunities and issues that may affect transit agencies’ operating costs.
The Working Group includes staff from MTC and Bay Area transit agencies.
Theresa Hannon, Funding Policy & Programs
Phone: (415) 778-6786
New Sources of Funding
Among the newer funding sources reviewed by this group is California’s cap-and-trade program for emissions allowances.
Priorities for transportation funds generated through the cap-and-trade program include:
- Transit Core Capacity Grant Program to help meet vehicle replacement and system modernization needs at the region’s three largest transit agencies: San Francisco Muni, BART and AC Transit
- Transit Operating and Efficiency Program to improve transit service throughout the region
Making Transit Affordable
A continuing Bay Area challenge is providing affordable transit for lower-income residents.
Is there a transit affordability solution that won’t bankrupt transit agencies, won’t create excessive administration problems, and won’t degrade transit agencies’ service levels or performance?