Programs

On November 2, 2004, more than two-thirds of qualified voters in the District approved Measure AA, a $980 million authorization designed to fund BART’s Earthquake Safety Program. This measure titled “BART Earthquake Safety Bond” aims to make earthquake safety improvements to BART facilities in the three BART Counties (the City and County of San Francisco, Alameda County and Contra Costa County), including strengthening tunnels, bridges, overhead tracks and the underwater Transbay Tube. 

In order to provide sufficient funds for repayment of principal and interest when due on the Measure AA Bonds, the District is empowered and is obligated to annually levy ad valorem taxes upon all property subject to taxation by the District, without limitation as to rate or amount (except as to certain personal property which is taxable at limited rates).  Such taxes, when collected and received by the respective BART county collecting such taxes on behalf of the District, are received by the Trustee and deposited in the accounts for the bonds authorized by Measure AA.

On November 8, 2016, more than two-thirds of qualified voters in the District approved Measure RR, a $3.5 billion authorization designed to fund a portion of the System Renewal Program. This measure titled “BART Safety, Reliability and Traffic Relief” aims to address critical infrastructure needs. 

In order to provide sufficient funds for repayment of principal and interest when due on the Measure RR Bonds, the District is empowered and is obligated to annually levy ad valorem taxes upon all property subject to taxation by the District, without limitation as to rate or amount (except as to certain personal property which is taxable at limited rates).  Such taxes, when collected and received by the respective BART county collecting such taxes on behalf of the District, are received by the Trustee and deposited in the applicable accounts for the bonds authorized by Measure RR.

BART’s Sales Tax Revenue Bonds are special obligations of the District payable from and secured by a gross lien pledge of sales tax revenues, comprised of seventy-five percent (75%) of the amounts derived from a one-half of one percent (0.5%) transactions and use tax imposed within the three BART Counties (Alameda County, Contra Costa County, and the City and County of San Francisco) pursuant to Section 29140 of the California Public Utilities Code, after deduction by the California Department of Tax and Fee Administration (CDTFA) of its fee for administering the sales tax. The CDTFA directly remits all pledged revenues to the Trustee.