New budget agreement gives big boost to transportation, housing

Housing and transportation

California's current fiscal strength is poised to pay big dividends for transportation and housing investments around the Bay Area and across the state. The $300 billion-plus budget agreement announced Wednesday by state legislative leaders for the upcoming 2022-23 fiscal year directs more than $10 billion in projected surplus funds to advance a range of transportation priorities plus an additional $1.6 billion to help meet many of the state's longstanding housing affordability challenges. Gov. Newsom is expected to sign the budget into law by the end of this month. Read More

Governor’s budget aligned with MTC/ABAG priorities and Plan Bay Area 2050
Mark Prado January 10, 2022
Vacaville housing under construction.

Gov. Gavin Newsom today proposed an ambitious budget for the 2022-23 fiscal year that begins July 1, affirming the administration’s commitment to using the state’s budget surplus — estimated to total $46 billion — to advance key Bay Area priorities such as public transit, affordable housing, and climate resilience, in strong alignment with MTC’s and ABAG’s Plan Bay Area 2050 priorities.

Infrastructure focus of $88 billion budget unveiled by U.S. Transportation Secretary Pete Buttigieg
Jimmy Moore July 20, 2021
Pete Butegieg discusses infrastructure bill

Transforming the country's infrastructure and making it more resilient are top priorities in an $88 billion U.S. Department of Transportation budget submitted to Congress by the Biden-Harris Administration Friday.

Bay Area and California Housing and Transportation Highlights from the Fiscal Year 2018 Federal Budget
Chirag Rabari April 16, 2018
By Leah Zippert
An Aerial View of Marin County with the Bay in the Background

Last month Congress approved a $1.3 trillion appropriations bill to fund the government for Fiscal Year (FY) 2018. In a departure from previous years, the budget included major boosts in funding for both defense and non-defense discretionary programs and also significantly increased investment in federal housing and transportation programs. This post will provide summaries of major housing, transportation and other relevant provisions from the final FY 2018 spending bill; a chart comparing FY 2017 and FY 2018 funding levels; and analysis of California and/or Bay Area impacts for select housing