Earlier today, California Transportation Commission staff released their recommendations for specific transportation projects to be deprogrammed, delayed, or removed from the State Transportation Improvement Program (STIP). Due to recent declines in motor fuel prices, the STIP will fall short of funding by roughly $1.5 billion, necessitating the need to scale back the number of transportation projects to be funded over the next several years. CTC staff are recommending $754 million in specific transportation projects for full or partial deletion and an additional $755 million in transportation projects to be delayed.
The CTC will consider these recommendations at their scheduled meeting in May. The list of recommended changes can be accessed here.
Yesterday, the RCRC Board of Directors received a briefing on recent developments in the area of transportation funding, including an examination of why transportation revenues are falling short as well as legislative proposals aimed at providing additional revenues into the transportation system. A briefing memo is available here.