California State Rail Plan 2005-06 to 2015-16

2005-06 – 2015-16 California State Rail Plan
• Non-Article XIX Revenues in the SHA - The TCRP Program (Chapter 91,
Statutes of 2000) authorized the annual transfer, starting in 2001-02, of all
non-Article XIX tax revenue funds in the SHA to the PTA. These SHA funds
are derived from the sale of documents, charges for miscellaneous services to
the public, rental of State property, etc. In 2005-06 this source was
$53 million.
• TCRP Program/Proposition 42 Funding – The TCRP established by Chapter
91, Statutes of 2000 (AB 2928, Torlakson) was intended to provide significant
additional funding to a specific list of TCRP transportation projects and to the
PTA from 2001-02 through 2005-06. The major new source of funding was
gasoline sales tax revenues that had previously gone to the GF and would
instead go to the new Transportation Investment Fund (TIF). The PTA would
receive 20 percent of this gasoline sales tax revenue. However, soon after the
TCRP was enacted, the State experienced a fiscal crisis, and Chapter 112,
Statutes of 2001 (AB 438) delayed the transfer of sales tax revenues to the TIF,
to begin in 2003-04, and to continue through 2007-08.
Then, Proposition 42 in March 2002 added Article XIX B to the California
Constitution that eliminated the original sunset date for the TIF and continued
the original TCRP program through 2007-08. Also, beginning in 2008-09, it
makes permanent the transfer of gasoline sales tax revenue to the TIF on a
formula basis: 20 percent of the transfers will go the PTA with one-half of this
amount for STIP projects, 40 percent to the SHA for STIP projects, and
40 percent for subventions to cities and counties for local streets and roads.
Starting in 2008-09, no further funds will go to TCRP projects, so formula
funds to the PTA, STIP, and local streets and roads will increase. In 2003-04
and 2004-05, the transfers were suspended and are required to be paid back by
2008-09.
The 2005-06 Budget for the first time provided the PTA funds from the TIF.
$127 went to the PTA, with half ($63.5 million) of those funds for STIP
projects and half ($63.5 million) for the STA Program.
• “Spillover” – These revenues are available when revenues from the gasoline
sales tax at the 4.75 percent rate exceed revenues from all taxable sales at the
0.25 percent rate. This source was initiated when the sales tax on gasoline was
established in 1972. For many years there was no spillover, but since 2002-03
there has been a spillover as a result of high gas prices. However, the PTA did
not receive any of these funds due to annual legislative action.
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