Funding
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Funding Shortfall |
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In the past, state and federal gas taxes alone paid for transportation projects. However, transportation revenues are now falling short of needs: |
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| • | $6 billion in transportation monies were taken to balance the state budget | |||||||||||||||||||||||||
| • | $43 million yearly loss to Monterey County roads | |||||||||||||||||||||||||
| • | Gas taxes no longer keep up with inflation | |||||||||||||||||||||||||
Local Monies |
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The Plan relies on several sources of funding to raise over $1 billion to make Monterey County's transportation system safer and more effective. |
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| Increase State and Federal Matching Funds | ||||||||||||||||||||||||||
| The Transportation Agency for Monterey County's Plan brings locally-controlled revenues to the table so that we are first in line for scarce state and federal dollars. The Plan will: | ||||||||||||||||||||||||||
| • | Leverage state and funding to pay for critical safety and congestion relief projects | |||||||||||||||||||||||||
| • | Leverage federal funding for passenger rail service | |||||||||||||||||||||||||
| • | Match state and federal funding | |||||||||||||||||||||||||
| Click here for more information highway projects and also read Alternative Futures (pdf 347KB) and Funding Shortfall (pdf 54KB). To learn more view Paying at the Pump (pdf 75KB) | ||||||||||||||||||||||||||
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