Te governor’s understanding of in-
frastructure funding providing economic opportunities is seen through a proposed one-time $50 million increase to recapi- talize the Infrastructure State Revolving Fund at the iBank. Tis program helps local governments to finance clean energy, water, and environmental infrastructure projects. Other notable proposed infra- structure investments include Exposition Park ($351.5 million), Salton Sea Manage- ment Plan ($60 million), several facility upgrades at various state offices statewide ($210 million), and flood management system projects ($54.3 million). California continues to make signifi-
cant investments in the billions to expand access to high-speed broadband for all Californians. Te proposed budget con- tinues to prioritize expanding this network with an additional $1.5 billion over two years to complete the development of the
statewide middle-mile network. Te last- mile infrastructure budget is maintained at a $1.45 billion investment, with a $100 million delay for two years. Another item to watch: the governor is looking to have an education facilities bond on the November 2024 ballot. Details are scant on what he would seek, and this would be subject to legislative negotiation.
Focus on Workforce Availability A critical component of infrastructure is workforce availability and readiness. While the proposed budget seeks to re- duce funding, it would still largely fund $2.1 billion into key programs that the construction industry utilizes, including High Road Training Partnerships and Women in Construction Unit. Te legislature has begun to hold hear- ings on the governor’s proposed budget and his priorities. Tis provides legislators
opportunities on what funding to keep or reject, while also fighting for their key pri- orities. Te hearings will go through May. The governor will release a revised
budget proposal in mid-May to reflect current funding levels and possible new issues impacting California since Janu- ary. Te legislature will hold additional hearings, and then legislative leadership and the governor will work to finalize a budget for vote by June 15, 2024. This date is significant, as the legislature will lose pay if they do not vote on a budget by this date. Te governor then will sign the budget by June 30 for enactment by July 1.
Felipe Fuentes
Unscrupulous contractors undercut responsible contractors like you
when bidding, causing your company to be unable to compete. Often this practice is illegal and results in an unlevel playing field. We are here to help level that field. As a signatory contractor and partner of OPCMIA locals
500 and 600, you are provided a Prevailing Wage Compliance Program, ADR Joint Workers’ Comp Program, and Competitive
Private Commercial & Residential Rates. In addition, you have access to a workforce trained from an ap- prenticeship program accredited by the State of California. Our apprentices learn all aspects of concrete including form setting, placement, finishing, concrete polishing, patching and repair.
Contact us to learn how we assist your growth and value. Local 600 ~ 323-771-0991 ~
www.cementmasons600.org
CALIFORNIA CONSTRUCTOR MARCH/APRIL 2024
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