RECEIVE update on legislative activities.

Staff will present an update on the draft state budget and other legislative activities.

The Governor's draft budget includes a five-year, $53 billion infrastructure plan using $43 billion in existing SB 1 funds and $12 billion in new "climate resiliency" funding to support transitioning California to a carbon-neutral economy and to modify infrastructure in anticipation of sea level rise. This proposal could result in changes to funding available for highway and transit projects.

On January 10, 2020, Governor Newsom presented his draft 2020-21 budget. Attached are write-ups from Agency legislative consultant Gus Khouri and the California Transit Association. Online as a web attachment is a link to the summary from the Governor's office.

Key issues for TAMC include a strong focus on climate resiliency, directing future SB 1 grant funding toward projects that reduce greenhouse gas emissions, such as transit and active transportation projects. The budget includes a new $12 billion climate fund, proposing a bond measure for November 2020 that would raise $4.75 billion for climate resiliency projects.

On January 17, 2020, House Speaker Nancy Pelosi announced that the House would release a transportation authorization bill by the end of the month. Attached is an article about the announcement.

Staff will present an update on the draft budget at the meeting.

• Draft 2020-21 State Budget