1 / 6

2015 AGC Joint Engineering Division January 22, 2015 L egislative Issues for 2015

Explore the key legislative issues impacting the 2015 state budget, including higher revenue projections, funding for apprenticeships and infrastructure, taxation on services, and more.

davidbsmith
Download Presentation

2015 AGC Joint Engineering Division January 22, 2015 L egislative Issues for 2015

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 2015 AGC Joint Engineering DivisionJanuary 22, 2015Legislative Issues for 2015

  2. State Budget • Higher Revenue Projections and Spending Increases • Budget proposes spending $158.8 billion, an increase of 1% over raised levels for 2014-15. • Proposition 2 Drives Reserve Levels • $250 million for CTE Incentive Grant Program • Increases Funding of $29 million for Apprenticeship Programs • Final $273 million Payment for Emergency Repair Program (ERP)

  3. State Budget • Water Bond (Proposition 1) Implementation • $178 million to multiple agencies for watershed protection and restoration projects. • $137.2 million to the State Water Resources Control Board (SWRCB) and the Department of Water Resources (DWR) for recycling projects. • $135.5 million to the SWRCB for projects to treat drinking water and wastewater.

  4. State Budget • Proposition 1E Flood Control Funding • $1.1 billion for DWR to support various flood control capital outlay projects. • Cap-and-Trade Expenditures • $250 million for high-speed rail project. • $100 million for the Transit and Intercity Rail Capital Program. • Deferred Maintenance • Five-year infrastructure plan identifies state deferred maintenance needs of $66 billion. • Budget proposes one-time spending totaling $504 million from General Fund.

  5. Other Issues • Transportation Finance • From the Governor’s Inaugural Address “Equally important is having the roads, highways and bridges in good enough shape to get people and commerce to where they need to go. It is estimated that our state has accumulated $59 billion in needed upkeep and maintenance. Each year, we fall further and further behind and we must do something about it. So, I am calling on Republicans and Democrats alike to come together and tackle this challenge. We came together on water when many said it was impossible. We came together – unanimously – to create a solid Rainy Day Fund. We can do it again.” • Gasoline Prices will Affect Transportation Funding • School Construction • $9 billion School Bond Initiative Proposed (CBIA & CASH)

  6. Legislation • SB 119 (Hill) – Excavation Liability • SB 8 (Hertzberg) – Taxation on Services • SB 9 (Beall) – Intercity Rail Capital Program • AB 151 (Rodriguez) – Income Tax Credits for Apprenticeships

More Related