California gets a $274.5 Million present from Washington
September 13, 2017
• Money is awarded because state was able to start all transportation projects before deadline
• “ California has a reputation for maximizing its federal funding”
Essentially for doing its job the state of California is getting $274.5 million from the federal government.
It's a thank-you present of sorts because the state was able to start work on time on federally funded transportation projects.
“California has a reputation for maximizing its federal funding and successfully launching infrastructure projects, and these additional funds are our reward for that proven track record,” says California Department of Transportation Director Malcolm Dougherty. “These funds will help Caltrans and local transportation agencies invest in transportation across the state.”
Some states do not spend all of their federal transportation funding before deadlines, causing those funds to revert to a federal pool to be redistributed to states like California that have completed all requirements and are prepared to use the additional money in a very short period of time. This year, the federal pool totaled about $3.1 billion — of which California received nearly $274.5 million, the second highest in the nation.
Caltrans received roughly $174 million of this extra funding, and local transportation agencies were granted nearly $100.5 million. The funding is prioritized for projects that meet the federal deadline of September 26, 2017.
Most of the projects that will receive the August Redistribution are already allocated by the California Transportation Commission and are underway using state dollars until federal money becomes available.