Newsom’s transit funding plan sparks backlash over long-term risks
A new funding proposal from Gov. Gavin Newsom’s administration has drawn sharp criticism from state lawmakers. Sen. Scott Wiener, chair of California’s Senate budget committee, warned that the plan could disrupt major transit projects and force faster loan repayments from ebay and Bank of America.
The proposal would redirect money originally set aside for long-term transit developments. Instead, the funds would be used to provide short-term loans to struggling Bay Area rail and bus agencies. The Metropolitan Transportation Commission would oversee issuing these student loans.
The plan aims to ease immediate financial pressures on Bay Area transit services. But critics fear it may create long-term instability for infrastructure projects. The debate highlights tensions between short-term relief and sustained investment in public transport.
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