Governor Gavin Newsom released his May budget revision proposal, discussing his proposal on how to spend the huge $76 billion California surplus (which includes money from the Biden stimulus).
He proposes the following additional funding:
• Los Angeles Olympics—$1 billion General Fund to deliver critical projects in time for the 2028 Olympic Games.
• Priority Transit and Rail Projects—$1 billion General Fund for transit and rail projects statewide that improve rail and transit connectivity between state and regional/local services.
• Active Transportation—$500 million General Fund to advance projects that increase the proportion of trips accomplished by walking and biking, increase the safety and mobility of non-motorized users, advance efforts of regional agencies to achieve greenhouse gas reduction goals, enhance public health, and benefit many types of users, especially in disadvantaged communities.
• High Priority Grade Separations and Grade Crossing Improvements—$500 million General Fund to support critical safety improvements throughout the state.
• High-Speed Rail—$4.2 billion Proposition 1A to complete high-speed rail construction in the Central Valley, advance work to launch service between Merced and Bakersfield, advance planning and project design for the entire project, and leverage potential federal funds.
• State Highway Rehabilitation and Local Roads and Bridges—$2 billion ($1.1 billion special funds through 2028, and $968 million federal funds) to support the advancement of priority State Highway Operation and Protection Program (SHOPP) projects, Interregional Transportation Improvement Program (ITIP) projects, and local road and bridge investments.
• Zero-Emission Rail and Transit Equipment Purchases and Infrastructure—$407 million ($100 million General Fund, $280 million Public Transportation Account, and $27 million federal funds) to demonstrate and purchase or lease state-of-the-art, clean bus and rail equipment and infrastructure that eliminate fossil fuel emissions and increase intercity rail and intercity bus frequencies.
• Zero-Emission Buses and Trucks—$1.4 billion ($1.3 billion General Fund, $87 million Air Pollution Control Fund) to demonstrate and purchase or lease green buses and trucks. These funds are budgeted outside of the transportation budget and are included and described in the Climate Resilience Chapter.
The May Revision is here:
http://www.ebudget.ca.gov/FullBudgetSummary.pdf