California State Rail Plan 2007-08 to 2017-18

2007-08 – 2017-18 California State Rail Plan• SHA Non-Article XIX Revenues – The TCRP Program (Chapter 91,Statutes of 2000) authorized the annual transfer, starting in 2001-02, of allArticle XIX unrestricted SHA revenues from the SHA to the PTA.These revenues are derived from the sale of documents, charges formiscellaneous services to the public, rental of state property, etc.In 2005-06 this source was $81 million.• Traffic Congestion Relief Program (TCRP)/Proposition 42 Funding –The TCRP, established by Chapter 91, Statutes of 2000 (AB 2928,Torlakson), was intended to provide funding for 141 transportation projectsand to the PTA from 2001-02 through 2005-06. These projects were torelieve congestion, connect transportation systems, and provide for bettergoods movement. The major new source of funding was the shifting ofgasoline sales tax revenues from the General Fund to the newly createdTIF. The first call on TIF distributions was to fund annual TrafficCongestion Relief Fund (TCRF) transfers, and then 20 percent of theremaining balance would be transferred to the PTA. The state experienceda fiscal crisis soon after the TCRP was enacted. Chapter 112, Statutes of2001 (AB 438) delayed the transfer of sales tax revenues to the TIF,beginning in 2003-04 and continuing through 2007-08; however, theseamounts were fully repaid by 2006-2007.In March 2002, Proposition 42 added Article XIX B to the CaliforniaConstitution that eliminated the original sunset date for the TIF and delayedTCRP funding from 2003-04 through 2007-08. Proposition 42 madepermanent, beginning in 2008-09, the transfer of gasoline sales tax revenueto the TIF on a formula basis: 20 percent of the transfers will go to thePTA, with one-half of this amount for STIP projects and one-half to StateTransit Assistance (STA) for transit; 40 percent to the TIF for STIPprojects; and 40 percent for subventions to cities and counties for localstreets and roads. Fiscal year 2007-08 is the last year of statutory transfersof Proposition 42 funding to the TCRF. Beginning in 2008-09, no furtherfunds will go to TCRP projects, thus increasing formula funds to the PTA,STIP, and local streets and roads. In 2003-04 and 2004-05, the transferswere suspended; however, these were repaid in 2006-07 (per Proposition1A) by the transfer of $1.415 billion to the Transportation DeferredInvestment Fund (TDIF) and the commitment to pay $83 million per yearfor nine years to the TCRP.REPAYMENT OF THE PTAThe statutes (AB 1751, Chapter 224, Statutes of 2003) and (AB 687, Chapter 91,Statutes of 2004) specified that the TIF suspensions in 2003-04 and 2004-05 wereloans that were required to be repaid from the General Fund via TransportationDeferred Investment Fund (TDIF) by 2008-09. In July 2006, the General Fund194