The Green Caltrain blog is sponsored by BayRail Alliance, an all-volunteer non-profit organization supporting green rail transit in the Bay Area. This blog and BayRail have no affiliation with Caltrain.Governor signs gas tax swap bill to fund transit
From sf.streetsblog.org:
California transit operators are poised to receive a temporary infusion of $400 million in cash from the state for operating funds, a move that could defray immediate shortfalls and set up a steady stream of state money for the foreseeable future.
Governor Arnold Schwarzenegger ratified last night the laws (ABX8 6 and ABX8 9) that eliminate the gas tax, which included stipulations on transit funding, and replace it with an excise tax. Despite the removal of the transit funding mechanisms in the gas tax, these bills ensure that transit operators have steady funding for operations by using the sales tax on diesel to replenish the State Transit Assistance Fund (STA).
See:
About Face: Governor Signs Gas Tax Swap Legislation, After All – Transbay Blog
Governor grants relief to transit riders – VTA Watch
April 5th, 2010 at 6:52 am
[...] 17th, 2009 | Transit Riders Union | Category: Housekeeping … Other Transit Unions …Green Caltrain | Governor signs gas tax swap bill to fund transitThe Green Caltrain blog is sponsored by BayRail Alliance, an all-volunteer non-profit organization [...]