Monday, June 30, 2008
Money for Leucadia Blvd Grade separation???
Bill for More Infill, Transit-Oriented Development, Railroad Grade Crossings and County Roads Goes To Governor
Legislation that fast-tracks additional allocations of bond funding authorized under Propositions 1C and 1B (2006), was approved by the Assembly and sent to Gov. Arnold Schwarzenegger on Thursday, June 26. AB 1252 (Caballero) provides an additional $150 million for infill infrastructure and transit-oriented development (TOD) programs initiated through Prop. 1C. This allocation was requested by the Administration in response to the heavy demand for these funds at the local level.
The FY 2007-08 budget provided $240 million for the Infill Infrastructure Fund and $95 million for Transit-Oriented Development, but the volume of applications exceeded those amounts four-fold. AB 1252 provides an additional $100 million for infill infrastructure projects and another $50 million for TOD.
As part of the Senate deliberations, an additional $150 million allocation in Prop. 1B funds was added to the measure, with $63 million allocated for railroad grade crossing improvements and $87 million for county roads.