Governor Doubles Transportation Cap and Trade Funding in May Budget Revison

2015-16 Cap and Trade Expenditure Plan

California Governor Jerry Brown’s May Budget Revision released last week includes a proposal to increase Cap and Trade expenditures by $1.245 Billion due to higher than anticipated AB 32 auction revenue. This proposed increase brings the total amount of Cap and Trade expenditures to $2.237 Billion, with the Transportation sector accounting for 72% of total funds.  SB 375 related programs — including SGC’s Affordable Housing and Sustainable Communities Program ($400M), CalSTA’s Transit and Intercity Rail Capital Program ($265M), and the Low Carbon Transit Operations Program ($100M) — account for 35% of the total cap and trade expenditures.  Additional proposals for transportation investments include CARB’s Low Carbon Transportation Program ($350M) and the High-Speed Rail Authority’s Project ($500M).

Details of the entire May Revise Summary can be viewed here:

Cap and Trade Resource Center
For an overview on how California’s cap and trade program works and a summary of 13 cap and trade funding programs, check out Policy in Motion’s “Cap & Trade 101” materials on-line at the Institute for Local Government’s website, download as a full brochure, and/or view as an Infographic!

By Lauren Michele

Lauren Michele – Founder/Owner of Policy in Motion – is a policy consultant/advisor and communications strategist, specializing in progressive and non-partisan politics. She helps candidates and clients build campaigns, coalitions, and communication strategies. Lauren has 15 years of experience working with federal, state, and local government agencies; non-profit organizations; foundations; universities; and political/issue campaigns, including a Presidential Campaign and a California State Bond. Ms. Michele has over a decade of experience working virtually both in team and individual environments, with Policy in Motion offices in California. Policy in Motion’s mission is to promote the environmental, economic, and social well being of communities —fostering a sustainable future for all people and the planet.

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