Newsom signals support for $750 million Bay Area transit lifeline

Between the lines: Newsom's Wednesday announcement indicated the state will offer short-term financial assistance to support Bay Area transit with an unspecified sum of "hundreds of millions of dollars."

What they're saying: "Transit is a lifeline to millions of Californians," Newsom said in a statement. "We'll keep partnering with them now and into next year — aligning flexible financing tools to their timelines — so we can deliver a sustainable, rider-first transit system together."

Threat level: BART, Muni, Caltrain, AC Transit and other regional agencies face severe service cuts amid dwindling ridership and expiring pandemic emergency funds without the stopgap funding.

What's next: While the governor has expressed his commitment to working out a deal, the exact timeline remains unclear and some speculate a possibility it could still be tabled until next year.,