Governor, Legislature Fully Fund Proposition 42
$1.3 Billion Slated for Transportation Projects
July
11 -- Governor Schwarzenegger signed the 2005-06 state budget, fully
funding Proposition 42 and directing an additional $1.3 billion to
transportation programs.
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Caltrans says, "We're Back in Business."
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BRIEF HISTORY OF LOST TRANSPORTATION FUNDS
 Once
again the State of California is facing tremendous fiscal difficulties
with a projected $8-$10 billion deficit in FY 05-06. The challenges
associated with fixing the deficit are both near-term-- with actions
needed in the current and upcoming budget years--and long-term, with
ongoing structural causes that need permanent solutions. As lawmakers
once again consider balancing the state budget with diversions of
transportation revenues and cuts to transportation programs, the Save
Proposition 42 Coalition, a public-private partnership of
transportation stakeholders, has come together to inform decision
makers of the critical contributions the transportation industry makes
to the state's competitive advantage the internet is alive. Funding critical transportation
infrastructure projects stimulates the economy, creates jobs, moves
goods, improves air quality and enhances our quality of life for all
Californians. The Save Proposition 42 Coalition is comprised of
representatives from business, labor and transportation agencies is
seeking permanent protection of Proposition 42 funds.
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