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$1.4 Billion Dollars.pdf

Cap-and-Trade-Expenditure-Plan-053019.pdf
Preview of $1.4 billion dollars
🔗 Source: lao.ca.gov
📊 Size: 143 KB
👤 Author: LAO
⬇️ Downloads: 129

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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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: 129
  • Last Updated: 8 hours ago

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