Infrastructure Investment and Jobs Act (IIJA) and other federal programs by leveraging funding from both state and local sources. To date, California has se- cured $38 billion in IIJA formula funding for highway and transit programs and could receive billions more in additional competitive federal transportation grants over the five years of IIJA implementation. Below is a list of additional budget
adjustments proposed by the governor. • Transit Intercity Rail Capital Program: A reduction of planned funding in 2023 and 2024 from $2 billion each year to $1 billion in 2023-24 and $500 million in each of 2024-25 and 2025-26. Tese funds are set to be allocated proportionally, by region, based on population. This maintains approximately $5.7 billion (74%) of the original $7.7 billion planned additional funds for local transit capital infrastructure projects.
• Active Transportation Program: A reduction of $500 million in the General Fund, with $300 million of the reduction being restored from State Highway Ac- count funds, for a net reduction of $200 million. Tis will allow the program to sustain all the programming capacity approved in the 2023 programming cycle. Tis proposed adjustment would main- tain approximately $850 million (81%) of the original $1.05 billion. • Climate Adaptation Program: A shift of $200 million in the General Fund with $200 million State Highway Account funding, leaving unaffected the project funding that supports climate resiliency and reduces infrastructure risk. • Safety Grade Separations: A delay of $350 million of funding originally planned to be available in 2023-24, which will instead be made available in 2025-26. Given the multi-year nature of these types
of projects, the administration believes that this shift would not significantly impact the ability to deliver the same number of originally planned projects that improve safety for people walking, biking, and driving at rail crossings. As mentioned at the outset, Califor-
nia’s economy and state budget will come into sharper focus as we end the second quarter of 2023. While proposed by the governor, the budget must be written and ratified by the legislature which enjoys unprecedented “rainy day” funds like no other legislature in state history. Let’s all hope for a mild economic ride!
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 2023
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