Budget Proposal Would Spend Cap and Trade Money



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(Sacramento, CA)
Wednesday, January 08, 2014

As expected, Governor Brown wants to invest a large portion of money raised from carbon auctions on High Speed Rail. The proposal includes $300 million for construction and integration of the rail system that he’s pitched as an environmentally-friendly alternative to cars.

He also proposes investing in low carbon transportation, sustainable communities and clean energy.

“We also heard that they could exceed the 25-percent target for spending in disadvantaged communities which is a great thing since those communities are the ones that bear the brunt of pollution and are most vulnerable to climate change."

~Erica Morehouse with the Environmental Defense Fund

Brown also would repay $100 million of a $500 million loan taken from the cap and trade program to balance the state’s books last year. 

 

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