As the state Legislature deadlines draw near, regional transit agencies are scrambling over a precarious yet critical state loan to help them maintain operations and avoid service cuts.

Last week, the California Department of Finance said it wouldn’t be able to finalize details of the $750 million loan before the end of the legislative session. The loan was supposed to act as a bridge to help major transit agencies continue operating as usual for at least another year before the 2026 election, when regional and state leaders are hopeful voters will pass a regional, 14-year sales tax measure that would go toward major transit operators.

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