By: Daniel Montes :ktvu – excerpt
SAN FRANCISCO (BCN) – The California State Transportation Agency on Thursday announced it would give out more than $2.6 billion to 28 transit agencies statewide, including the San Francisco Municipal Transit Agency, Caltrain and BART, as well as several other Bay Area agencies.
The grant funding is part of the Transit and Intercity Rail Capacity Program and will go toward expanding rail capacity and reducing congestion, according to CalSTA officials.
In addition to the $2.6 billion, which will be used for the 2018/2019 fiscal year to the 2022/2023 fiscal year, CalSTA will also provide additional funds for some critical projects between the 2023/2024 fiscal year and the 2027/2028 fiscal year, totaling more than $4.3 billion, CalSTA officials said…
“When the legislature stepped up and passed Senate Bill 1 and extended Cap and Trade last year, these are exactly the kinds of public transportation projects I wanted to see fund,” Wiener said, referring to the Road and Repair Accountability Act of 2017… (more)
Can California sustain the inflationary spiral our state legislature is setting us up for? This is not free money. This appears to be the road repair money we were promised would come out of SB1. How much road repair have we seen? All the shiny new buses need better roads too.
Now the MTC wants us to cough up more money into their coffers by passing one of the most inflationary bills every imagined, Regional Measure Three.
Not only would RM3, as it is known, add at least $3 to the bridge tolls on all the state bridges in the 9-county region, if it passes it will trigger immediate costs of living increases as the cost of shipping everything, including food, goes up. In addition to guaranteed inflation, the voters will see the following impacts:
- Automatic increases based on inflation that the bill is certain to trigger.
- The bridge tolls will be used to pay down the considerable bond debt the tax payers have already agreed to.
- Voters will give up their right to control future bridge toll increases.
FOR THESE AND MANY OTHER REASONS, WE SUGGEST YOU OPPOSE RM3.
And Consider voting to Repeal SB 1. This state imposed bill has already had a negative impact on many lives and businesses in the state as diesel gas prices are already soaring. A bill to repeal the gas tax and return the right to decide future increase will probably be on the November 2018 ballot.