2002 - 2003 TimelineSelect a month to view the timeline for this issue:
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Transportation
Aug 20th Gov. Davis announced a new construction process to accelerate the Highway 101 project in Sonoma County.
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Aug 2nd Governor Davis signed 'compromise budget', including cuts to transportation and an increase in the car tax. More Info

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Overview

On August 2nd, Gov. Davis signed the 2003-2004 State Budget. The budget includes cutting programs, borrowing billions of dollars, increasing fees, and deferring $7.9 billion to the next budget year. Funding earmarked for transportation projects was diverted to the general fund. Randy Rentschler of the Metropolitan Transportation Commission said new projects would be put on hold as a result of over $1 billion in cuts to transportation.

The following are some budget highlights:

  • $10.7 billion in bonds to be paid off over the next five years
  • $7.9 billion shortfall for 2004-2005
  • Tripling of the car tax, effective October 1st
  • No new taxes beyond the vehicle license fee hike
  • Significant cuts to UC and CSU
  • Significant cuts to environmental programs
  • Cuts to transportation