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Comment 57 for Auction Proceeds Funding Guidelines (ggrf-guidelines-ws) - 1st Workshop.
First Name: William
Last Name: Descary
Email Address: wcdescary@aol.com
Affiliation:
Subject: Cap & Trade Revenue Guidelines
Comment:
In the 2014-15 California state budget, the legislature authorized $250 million of Cap & Trade revenue and 25% of future revenue for high-speed rail. In the 2015-16 budget the legislature authorized $500 million for HSR. Such use of C & T revenue is illegal/unconstitutional as provided by AB 32. This bold move by the legislature and Governor Brown is done to keep the HSR project viable. Expenditure of AB 32 funds must produce measurable GHG reductions by 2020. Instead,HSR construction during the next decades will add to GHG levels. Currently, C & T revenue is being used to purchase property in the alignment. This is a total misappropriation of revenue and must be stopped immediately. Guidelines for use of C & T revenue must specifically prohibit using revenue for HSR because of the long-term and uncertain GHG reductions from the project.
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Date and Time Comment Was Submitted: 2015-08-13 20:33:21
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