Sacramento – Senate Bill 1, the landmark transportation infrastructure bill signed by Governor Brown in April, will provide $7.6 billion in new transit funding over the next decade. Today, the California State Transportation Agency (CalSTA) announced a series of workshops intended to shape the how SB 1 dollars are invested in public transit.
SB 1 revenue will generate an average of $760 million annually for transit projects statewide (dollars below in millions):
By statute, the next round of Transit and Intercity Rail Capital Program (TIRCP) awards will be a five-year program and awards will be announced by CalSTA in the spring. With SB 1 funding and base funding from California Climate Investments, the five-year program is anticipated to be between $1.5 and $2 billion. Guidelines for the program will be developed with input from the public at the upcoming workshops. The competitive program aims to improve the statewide transit network and reduce greenhouse gas emissions.
Senate Bill 1 funds will support the TIRCP, the State Transit Assistance, and the Commuter Rail and Intercity Rail programs, and each program will be discussed at the workshops. The TIRCP will continue to also benefit from funding from the cap-and-trade auctions that fund California Climate Investments to help the state reduce greenhouse gas emissions and combat climate change. Through all of these programs, the state will partner with transit and rail operators to improve and modernize transit service.
The workshops are also an opportunity to provide input for the 2017-18 cycle of the Low Carbon Transit Operations Program, which is fully funded through California Climate Investments.
If you are unable to attend either workshop, the Sacramento workshop will webcast live: http://ctmedia.dot.ca.gov/webcast/live/live_event.asp?stream=calsta