New budget agreement gives big boost to transportation, housing

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