Business, Transportation, and Housing
Public Transportation Account, Mass Transportation Fund

  • 2007-08 No Change
  • 2008-09 -$828 million General Fund
-$437 million Other Funds

A portion of the revenue in the Public Transportation Account (PTA) is derived from "spillover" sales tax on gasoline. "Spillover" revenues occur when revenue derived from gasoline sales taxes is proportionately higher to revenue derived from all taxable sales pursuant to a statutory formula. These revenues generally reflect higher gas prices. The Governor's Budget projected $909 million in spillover revenues for 2008-09. The May Revision reflects an increase of $268 million, for a total of $1.177 billion. Additionally, revenues from sales taxes on diesel fuel and Proposition 111 sales tax on gasoline are projected to increase from $434 million to $558 million. Revenues under Proposition 42 are projected to decrease from $1.49 billion to $1.43 billion.

Current law requires specified sales tax revenues on fuel go to the PTA, including half of the spillover sales tax revenues. The remaining half of spillover revenues goes to the Mass Transportation Fund to reimburse the General Fund for transportation-related debt service and loan repayments. The Governor's Budget did not propose any changes to these formulas.

The May Revision proposes to amend current law by funding the State Transit Assistance Program at $306 million, the same level as the current year. Increased revenue projections for diesel fuel taxes and spillover totaling $828 million are proposed to offset General Fund expenditures for K-12 home-to-school transportation ($593 million reflected in the Education portion of the Budget) and debt service on current and prior year transportation-related General Obligation bonds ($235 million).
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CHAPTER HIGHLIGHTS for Business, Transportation, and Housing Back to Top

 Transportation Programs
image of black pointing arrowPublic Transportation Account, Mass Transportation Fund
 Secretary for Business, Housing and Transportation
 High-Speed Rail Authority
 Loans from Special Funds
PRINTABLE BUDGET DOCUMENTS Back to Top
Revised Budget Summary - Business, Transportation, and Housing (pdf * - 66K) -
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 2008)
Displays Proposed Budget Summary information for Business, Transportation, and Housing.