Budget

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.

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.

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