Business, Transportation, and Housing
Transportation Bond Funding

The Highway Safety, Traffic Reduction, Air Quality, and Port Security Bond Act of 2006 authorizes $19.925 billion over the next 10 years to fund existing and new statewide transportation-related infrastructure programs and projects. The Governor's Budget proposed $7.685 billion for allocation to various programs and projects over three years and language to provide flexibility to ensure that those projects that are ready to commence be funded as soon as possible. The May Revision continues this proposal and updates the proposed appropriations in the Budget Bill to $11.5 billion over three years.

The Governor's Budget also anticipated a need to appropriate bond funds in 2006-07 for projects that were ready-to-go. Because Caltrans has been able to identify project savings to accelerate over $331 million for State Transportation Improvement Program and State Highway Operations and Protection Program projects in 2006-07, more money is available for other projects to be funded from the bonds.


BOND PROGRAM FUNDING CHANGES
 Figure BTH-01 reflects changes in estimated needs for appropriations in the Proposition 1B bond programs. Major changes since January include an acceleration in funding for the Corridor Mobility and Highway 99 programs consistent with the California Transportation Commission's actions to approve projects, and additional funding for State Transportation Improvement Program projects and retrofitting school buses. The May Revision also proposes $187 million in 2007-08 for the purchase of rail cars and locomotives, provided that the audit of Caltrans' rail equipment needs currently being conducted by the Office of State Audits and Evaluations identifies a need to purchase in 2007-08, and new funding proposals for security at ports and harbors and air quality improvement.
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CHAPTER HIGHLIGHTS for Business, Transportation, and Housing Back to Top

image of black pointing arrowTransportation Bond Funding
 Department of Transportation
 Public Transportation Account
 Department of Motor Vehicles
PRINTABLE BUDGET DOCUMENTS Back to Top
Revised Budget Summary - Business, Transportation, and Housing (pdf * - 22K) -
Provides the entire Business, Transportation, and Housing Chapter in pdf format.
ADDITIONAL INFORMATION Back to Top
Revised Budget Detail - Business, Transportation, and Housing
Displays Revised Budget Detail information for Business, Transportation, and Housing.

Proposed Budget Summary - Business, Transportation, and Housing (January 2007)
Displays Proposed Budget Summary information for Business, Transportation, and Housing.