In the midst of California’s state budget negotiations, the legislature must separately decide how to spend the state’s cap-and-trade revenue, be it on public transit, high-speed rail, affordable housing near transit, or other emissions-reducing programs.
Three different proposals for slicing this new pie come from Governor Jerry Brown, the Senate, and the Assembly. This week, legislators must find a way to meld these three plans, or just choose one. To help explain the differences between the three approaches, we created the above chart, with more explanation below.
This relatively new pot of money, collected under the authority of the California Global Warming Solutions Act of 2006, or A.B. 32, by law must be spent on programs and projects that help reduce greenhouse gas (GHG) emissions throughout the state by 2020. The administration estimates that the cap-and-trade system will raise about $870 million in 2015, and various estimates assume it could grow to several billion dollars each year between 2015 and 2020.
In all three of the plans, there is no set-aside for active transportation. Bicycle and pedestrian planning would be included within a larger group of as-yet-undefined projects and programs, called a “Sustainable Communities” program. Programs in this group would compete for funds based on how well they achieve GHG emission reductions. In each plan, what is included under Sustainable Communities and how much money is allocated to that pot of funds differs.