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Schedule <br />18 <br />Continue FY26 Service Levels <br />Maintain current service level using one-time State Loan funds <br />through FY27. <br />March 2026: <br />State Loan <br />FY2028FY2026 <br />Continue FY26 Service Levels <br />Service CutsPlan and Prepare for Service Cuts <br />FY2027 <br />June 2026: Caltrain Board Adopt <br />FY27 Budget and Framework for <br />No External Funding Scenario <br />November 2026: General <br />Election <br />Summer 2027: Measure Funds <br />Flow for FY28