Research Briefs

Initiatives in Transportation Funding & Finance Report Released

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Report and Recommendations to Sunne Wright McPeak
Secretary, Business, Transportation and Housing Agency
State of California
March 17, 2004
USC Keston Institute for Infrastructure

Like most states, California is in a budget crisis. We are struggling to supply urgently needed services with diminishing revenues. As in many states, California's transportation funds are being cut to fund other needs. Across the country, fiscal year 2003 was the third straight year states faced budget shortfalls, with a cumulative gap of $200 billion.

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