Senate President Pro Tem Darrell Steinberg, D-Sacramento

Posted in the Los Angeles Forum

Charles

Porterville, CA

#1 Apr 15, 2014
In an effort to more closely manage how California spends revenue from its fledgling cap-and-trade program, Senate President Pro Tem Darrell Steinberg, D-Sacramento, on Monday unveiled a plan to dedicate ongoing money to affordable housing, mass transit and high-speed rail.

"National and international experts say that the climate problem grows worse, that we have no time to sit back and wait and think about an investment strategy year-to-year or just short-term. Now is the time to grab the moment and create these permanent sources," Steinberg said, adding that his plan would avoid an annual legislative fight over "who's in the front of the line, where is the need seemingly the greatest."

The proposal differs from Steinberg's previous proposal to change the state's system for curtailing carbon emissions. That plan, which the Democratic leader unveiled in February, would have imposed a gasoline tax rather than have industry purchase allowances for greenhouse gases emitted from "non-stationary fuels," a category that includes gas sold at the pump.

Now Steinberg has abandoned that change, shifting his attention from how California prices greenhouse gases to how the state allows levies on carbon emitters to be used. His new plan focuses on funding affordable housing, public transportation projects and the state's divisive high-speed rail project.

The gas tax plan was hit from the left and right. On Monday, by contrast, Steinberg spoke amid a phalanx of backers, including groups representing local government,(the League of California Cities) labor (the State Building and Construction Trades Council of California) and environmental (the Natural Resources Defense Council.)

"We stoked a debate a couple months ago, and a lot of consternation and controversy, and I understand it. But now many of us stand together," Steinberg said.

Under AB 32, the 2006 law that created California's cap-and-trade program, industry must purchase permits for generating the type of emissions blamed for global climate change. After six auctions, the program has generated $663 million for the state so far, according to the California Air Resources Board. Steinberg's office projects the permits could soon bring in $3 billion to $5 billion a year.

Current law dictates that the revenue will flow into a Greenhouse Gas Reduction Fund. From there, entities like local governments and transit systems can apply for some of the proceeds by explaining how they will use the money to reduce overall emissions. One quarter of the money must go to disadvantaged communities, an acknowledgment that some of California's poorest places are choking on poor air quality.

Housing and public transportation sit at the center of Steinberg's proposal. Forty percent of the cap-and-trade revenue would go to affordable housing, including communities built around transit options; 30 percent would subsidize transit projects and 10 percent would fund basic transportation infrastructure like road and highway maintenance, with all three administered through competitive grants.

"Permanent sources of funding for mass transit and affordable housing are key if we are committed to long-term change," Steinberg said on Monday, noting that the two areas "face a catastrophic funding crisis in California" after years of cutbacks.

In addition to those outlays,$200 million a year would go to water efficiency projects, to fuel-related outlays that include rebates on monthly fuel bills, and to accommodating the use of electric vehicles.

California's proposed bullet train would get 20 percent of the money, channeled through a continuous appropriation that would not require year-to-year approval by the Legislature.
Already,

Read more here: http://blogs.sacbee.com/capitolalertlatest/20...

Read more here: http://blogs.sacbee.com/capitolalertlatest/20...
History Buff

AOL

#2 Apr 16, 2014
Even Overseers in the Old South were kinder to their Slaves than the State Democrats are to current and future generations of California taxpayers. Voters actually chose to enslave themselves, their children, and their grand children to the Pub Empl Unioncrat thugs in Sacramento. Pitiful!!

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Los Angeles Discussions

Title Updated Last By Comments
News May Day: Thousands expected to demonstrate in d... 11 hr Who Guessed it 8
jews Sat RANSOM PRIDE 1
Scientology Fri medPlus 1
News The 25 Most Dangerous Cities in the U.S. Are Mo... (Nov '10) Fri Bic-Lite 19,882
News Husband, wife suspected of running `elaborate' ... (Jan '10) Fri Ted Bunkbed 170
freddy gray arrest record here Fri al sharptoon 1
Justdim Boober to Lead March for more Payphone ... Apr 30 tnz newz 1
More from around the web

Los Angeles People Search

Addresses and phone numbers for FREE

Personal Finance

Mortgages [ See current mortgage rates ]