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7/18/2005



Rail News: Rail Industry Trends

California allocates $1.26 billion in transportation funds


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The California Transportation Commission (CTC) recently earmarked $1.26 billion for state transportation projects.

The funds will be provided primarily through Proposition 42, a measure approved by California voters in 2002 that requires the state to use gasoline sales taxes only for transportation programs. The governor and legislature had suspended the program when it took effect in 2003, declaring a fiscal emergency, but reinstated the program earlier this year.

The transportation commission allocated $32 million for transit projects, including $29.1 million to Los Angeles County Metropolitan Transportation Authority to purchase 50 light-rail vehicles.

CTC expects to earmark about $4.1 billion for transportation projects during fiscal year 2005-2006.




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