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Posts Tagged ‘Darrell Steinberg’

Earlier this year oil companies began spinning up a new attack on AB 32 and the state’s wildly successful cap-and-trade system. They convinced a few moderate Democrats that applying cap-and-trade to fuels this coming January would ruin their political chances this November, as it would supposedly cause gas prices to soar. Those Democrats wrote a […]

Aug 25th, 2014 | Filed under Uncategorized

Last week the California State Senate joined Los Angeles Mayor Eric Garcetti to announce their proposal to use the more than $1 billion in annual cap-and-trade revenues. It’s a great plan that would finally deliver serious, stable revenues to transit and high speed rail in California. Here’s the detailed plan: • 25% for transit operations […]

Jun 8th, 2014 | Filed under Uncategorized

Political leaders in Sacramento are debating how exactly to allocate cap-and-trade revenues, and high speed rail is a part of that discussion – as Dan Walters explains: Gov. Jerry Brown’s 2014-15 budget would spend $850 million, with his financially troubled bullet train receiving $250 million, plus a guaranteed one-third of future revenues. [Legislative Analyst Mac] […]

Apr 28th, 2014 | Filed under Uncategorized

State Senate President Pro Tem Darrell Steinberg today announced a new proposal to guide the use of California’s cap-and-trade revenues. It includes earmarking 20% of those revenues for the high speed rail project: In addition to permanent funding sources for affordable housing and mass transit, the strategy (available here) also provides a permanent source of […]

Apr 14th, 2014 | Filed under Uncategorized