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Department of Transportation Highlights of the 2008-09 Governor’s Budget

Department of Transportation Highlights of the 2008-09 Governor’s Budget. Presented to the California Transportation Commission February 13-14, 2008. 2008-09 Governor’s Budget State of Fiscal Emergency. Budget Reductions and Reform There is a projected $14B budget gap for 2008-09.

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Department of Transportation Highlights of the 2008-09 Governor’s Budget

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  1. Tab 16 (4.7) Department of TransportationHighlights of the 2008-09 Governor’s Budget Presented to the California Transportation Commission February 13-14, 2008

  2. 2008-09Governor’s BudgetState of Fiscal Emergency • Budget Reductions and Reform • There is a projected $14B budget gap for 2008-09. • The Governor has declared a state fiscal emergency • Mandates reductions in General Fund funded agencies • Department excluded from proposed current year cuts

  3. 2008-09 Governor’s Budget Overview • 2008-09 Capital Outlay includes $2.65B in Proposition 1B funds • 2008-09 Local Assistance includes $1.15B in Proposition 1B funds

  4. 2008-09 Governor’s Budget Overview Major Revenue Changes ($ millions)

  5. 2008-09Governor’s BudgetSignificant Proposals • Proposition 42 • Full funding in 2008-09 of $1.485B • Proposition 1A loan repayment of $83M • Proposition 1B Bonds • $3.80B for the Department of Transportation in 2008-09 • $1.53B for the Corridor Mobility Improvement Account • $1.12B for the Transportation Facilities Account • $500M for the Trade Corridors Improvement Fund • $200M for the State-Local Partnership Program

  6. 2008-09Governor’s BudgetSignificant Proposals • Public Transportation Account (PTA). • Sales tax forecasts for 2008-09 were revised slightly downward between May and December • Capital outlay and local assistance are over $500M less than 2007-08 • PTA receives loan of $60M loan from TCRF • PTA reallocations include: • $141M to Regional Center Transportation • $5M increase to University of California Note: PTA resources reduced by statutory changes to distribution of spillover and to PTA share of Proposition 42 revenues

  7. 2008-09Governor’s BudgetSignificant Proposals • Traffic Congestion Relief Program (TCRP) • $83M Proposition 1A loan repayment • $100M from Tribal Gaming to SHA • Possible repayment schedule could result in project delays and higher project costs • May jeopardize federal and local project funding

  8. 2008-09Governor’s BudgetSignificant Proposals • Local Funding • $1.7B in additional funding for transit and local streets and roads • Proposed trailer bill to delay monthly HUTA transfers for six months • Performance Based Infrastructure (PBI) • Allows public/private partnerships for infrastructure needs, including transportation • The Budget Stabilization Act • Reforms the state budget process

  9. 2008-09Governor’s BudgetOther Issues • The Strategic Growth Plan (SGP) • Under-funded State Highway Operations and Protection Program (SHOPP) • The Administration will work with interested parties and the Legislature to: • Define scope of problem • Develop solutions

  10. 2008-09Governor’s BudgetOther Issues • Sacramento Superior Court ruled that $409M in PTA funds could not be diverted to help balance the state budget last year. • The $409M is not appropriated in the Department’s budget. • The Legislature may or may not appropriate this amount for transit capital purposes.

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