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$1.4 Billion Dollars.pdf

Cap-and-Trade-Expenditure-Plan-053019.pdf

🔗 Source: lao.ca.gov

📊 Size: 143 KB

👤 Author: LAO

⬇️ Downloads: 99

Summary

Both the Senate and Assembly assumed higher cap-and-trade auction revenue ($2.7 billion) than the Governor ($2.4 billion), and approved higher discretionary spending plans: $1.5 billion for the Senate and $1.4 billion for the Assembly, compared to the Governor's $1.3 billion proposal. The plans allocate funds to various programs, including Low Carbon Transportation, Air Toxic and Criteria Pollutants, Forests, Integrated Climate Action and Resilience, Agriculture, Waste Diversion and Recycling, and Climate and Energy Research. Both houses also approved language guiding expenditure reductions if revenue is lower than expected, with some programs exempt from reduction. The Assembly adopted additional language providing direction for expenditures, including funding for research, workforce development, and restrictions on funding for certain projects.

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Description

Both the Senate and Assembly assumed higher cap-and-trade auction revenue ($2.7 billion) than the Governor ($2.4 billion), and approved higher discretionary...

Technical Information

File Format: PDF
File Size: 143 KB
Pages: 5
Language: EN
Author: LAO
Total Downloads: 99
Last Updated: 1 week ago

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