Legislature Agrees on $1.46B Cap & Trade Plan
July 5, 2018
The Legislature has agreed on a plan to allocate approximately $1.46 billion in Cap & Trade revenues from the Greenhouse Gas Reduction Fund for FY 18-19. The expenditure plan reflects months of negotiations between the Legislature, Administration and advocates. It includes a significant investment in CAL Fire geared at fire prevention and the reduction of greenhouse gases (GHG) from catastrophic wildfire.
The funding will help to implement various fire protection/prevention programs, including elements of the State’s Forest Carbon Plan, and more prescribed burns across the state. CSAC’s top three priorities in this year’s expenditure plan included additional funding for the diversion of organic waste, as mandated under SB 1383, funding for the Transformative Climate Communities Program, and funding for fire programs, equipment and California’s Mutual Aid Systems.
CSAC was successful in advocating for funds in the areas of waste diversion and the Transformative Climate Communities Program. However, there is still an unmet need in both of those programs. For more information about FY 18-19 expenditure plan including proposals from the Senate and Assembly Budget Committees please click here: http://www.counties.org/csac-bulletin-article/budget-committees-release-cap-trade-expenditure-plans
For a more detailed breakdown of this year’s Cap & Trade Expenditure Plan please see the chart at this link.