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Rail News: Passenger Rail
3/31/2009
Rail News: Passenger Rail
S.F. bay-area commission to revise 2035 transportation plan
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Last week, the San Francisco Bay Area's Metropolitan Transportation Commission (MTC) was expected to approve the region's long-range transportation plan. Instead, the commission decided to hold off on final approval for another month and reopen public comment on the draft Transportation 2035 plan because of a drop in projected revenue.
Due to declining sales tax revenue and state budget issues that will affect transit funding, MTC staff expects long-term funding from state, local and federal sources to drop from $226 billion to $218 billion between 2010 and 2035. As a result, MTC has proposed several changes to the draft plan, such as reviewing overlapping services and developing new operating revenue sources.
To learn more about the changes, follow this link.
Due to declining sales tax revenue and state budget issues that will affect transit funding, MTC staff expects long-term funding from state, local and federal sources to drop from $226 billion to $218 billion between 2010 and 2035. As a result, MTC has proposed several changes to the draft plan, such as reviewing overlapping services and developing new operating revenue sources.
To learn more about the changes, follow this link.