San Francisco voters narrowly rejected a $400 million transit infrastructure bond last week.

Two-thirds voter approval was needed for the measure, called Proposition A, to be passed. However it only garnered a 65.1% vote share as of Monday, June 20.

San Francisco Chronicle further reported:

Proposition A faced no organized opposition, but fell just short of the two-thirds approval needed to pass. With around 700 mail-in votes left to count as of Monday, the measure had 65.1% support, about 1.5 percentage points or over 10,000 yes votes short of passing. More than 16,500 people, 7% of voters, did not participate on the measure, leaving that part of their ballots blank.

The defeat will have an impact on the San Francisco Municipal Transportation Agency’s troubled finances, said Gwyneth Borden, an SFMTA board member. The agency faces $123 million deficit by the 2027 fiscal year and has decades of deferred maintenance and dilapidated infrastructure.

“We only have one public transit system. The solution isn’t to blow it up,” said Borden, adding that riders who are most dependent on Muni will be hurt the most by the defeat.