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Last week Governor Jerry Brown announced in his May Revise of the state budget a proposal to loan $500 million in cap-and-trade revenues to the general fund rather than to earmarked carbon emissions reduction programs such as transit. Well, a State Senate budget subcommittee does not seem very interested: The two Democrats and one Republican [...]
Governor Jerry Brown issued the May Revise for the state budget yesterday, and one provision has some transit advocates unhappy. The governor’s budget proposed to loan cap-and-trade funds to the general fund, which are promised to be repaid but it’s not entirely clear how that would work: Yesterday, Governor Jerry Brown unveiled his budget for [...]
Today the California Air Resources Board voted to spend cap-and-trade revenues on high speed rail, among other uses: The state Air Resources Board voted today to support the proposal from the state Finance Department to invest the first three years of revenue from the allowance auctions on carbon- reducing projects including high-speed rail, zero-emissions vehicles, [...]
Last week the Los Angeles County Metropolitan Transportation Authority (Metro) approved a motion asking the California Air Resources Board (CARB) to spend the revenues generated by the AB 32 cap-and-trade for sustainable transportation. As reported by Streetsblog LA: Governor Jerry Brown’s administration states that transportation must be one of the main areas in which cap [...]
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