AFAIK the project expenditure is covered by people who want to get there faster. In this case the city/Metro gets to deploy more public transit without having to pay for it, and without having to charge riders more money. There are plans for expansion of the system as it's been very popular.
Transit is way more expensive than any cameras.
California's not quite that bad, but, it's close to that bad. The Downtown Extension for Caltrain is $3 billion for a mile. SF's Central Subway is $923 million a mile. So sure, you can get about 114 feet of subway, but it'll be the short little LRVs and not like BART or anything nice-ish.
But it's mostly the fact that the leadership doesn't care, doesn't have to care, and is actively incentivized not to care.
For example, in Europe, it's quite normal for lawmakers to cycle or take public transport to the office. Obviously, some/most of it is performative to present a public image of the politician as a "man of the people", but it does expose them to the problems of the lay person as opposed to sitting in a chauffeured car.
Needless to say, our public transport systems (and cycling) are much more sane, affordable, and efficient options here. They are by no means perfect, but they are a damn good way to get around in most cities.
It doesn't mean you can't or don't drive, but often driving is massively slower or less convenient (especially inside the urban core), so you jump on the metro/train/tram or bicycle to get where you need to be.
This route along the 101 does actually have decent public transit by american standards - Caltrain is pretty awesome
That's not saying much; our standards are incredibly low.
> Caltrain is pretty awesome
Caltrain is awesome if you are one of the rare few who live within walking distance of a station and your destination is within walking distance of a station, or if only one of those two things is true, but your local Caltrain station has a parking lot that you can afford, or there's actually good bus service to get you the last mile.
Unfortunately, those conditions are not true for many, many people.
On top of that, Caltrain is ridiculously slow, and doesn't run anywhere near frequently enough, even during rush hour.
Tolls from the express toll lanes or on state routes like 520 and 167 don't pay for the transit system in Puget Sound. The long and short of why is that because funding indirectly comes from the motor vehicle fuel tax account, at least as backing for the bonds, the state constitution prohibits spending the money on anything but roads.
The closest you can get is that part of the ETL projects on I-405/SR 522 will build a full ETL pathway that bus rapid transit can use as part of Sound Transit's STRIDE network from Renton to Bothell, but that's only for transit insofar as public transit vehicle operators don't have to pay tolls.
(Washington State contributed, until the pandemic and assuming Move Washington passes, $0.00 to Puget Sound transit agencies. The state legislature insists that transit is a local issue. The state kicked in some money to local agencies to help during the pandemic but the bulk of that money was supplied by the federal government as part of stimulus bills. If Move Washington passes, it will be the first time the state funds any transit operations west of the Cascades in over a decade.)