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Regional revenue measure, state loan and cap‑and‑trade reauthorization top SFMTA director’s report
Summary
SFMTA staff told the board that Senate Bill 63 — a proposed 14‑year regional transit revenue measure — has cleared the Legislature and is now with the governor; the agency also briefed the board on a possible state loan and reauthorization of the state'wide cap‑and‑trade program ("Cap and Invest").
Judson True, SFMTA chief of staff and director of external affairs, told the board the Legislature approved Senate Bill 63 and sent it to the governor, who has 30 days to act.
SB 63 would authorize a 14‑year regional transit operations measure on the November 2026 ballot in five Bay Area counties. True said the bill would allow a half‑cent sales tax in Alameda, Contra Costa, San Mateo and Santa Clara counties and up to 1 cent in San Francisco; revenues would not begin to flow until mid‑2027. He said SFMTA'specific revenue modeling projects roughly $170,000,000 a year for the agency in the measure''s first full fiscal year, subject to the final measure and voter approval.
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