| Summit and partners work to fill California’s infrastructure gaps
(Photo: Scott L./Flickr)
This summer, the California Legislature takes up one of the biggest challenges facing the state: How to pay for a $59 billion backlog in state road and highways maintenance—a funding shortfall so large it has stymied the last three governors.
To begin closing these gaps, California Forward and partners in the California Economic Summit are highlighting some of the most innovative ideas for building a stable, long-term funding source for the state’s transportation system, including options that would give communities more flexibility to address these funding shortfalls themselves.
CALIFORNIA’S TRANSPORTATION INFRASTRUCTURE GAPS
| Over the next 10 years, California only has the funds to pay for about half of what it needs to maintain and expand its transportation infrastructure, not to mention its massive energy, water and broadband systems. |
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Estimated costs of maintaining, managing, and expanding the State’s transportation infrastructure over the next 10 years * |
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Estimated amount state will raise from local, state, and federal sources for investment in transportation infrastructure over for the same 10-year period * |
*Source: CA Transportation Commission
How to Bridge the Gap
CA Fwd offers policy framework for special legislative session on road funding
CA Fwd recently offered lawmakers a detailed set of revenue options for closing funding gaps, calling for “new approaches” outside the state budget that connect local revenues with economic regions to improve how investments are made.
READ THE FRAMEWORK
12 new ways to close infrastructure funding gaps highlighted at Impact Economy Summit
To fully bridge the gaps, California would also benefit from innovations that help public, private and nonprofit sectors join forces for a public good, like growing and maintaining infrastructure.
At the Growing the Impact Economy Summit held last week in San Francisco, a group of infrastructure experts and practitioners explored a different way of doing business: building a new working relationship among the public, private, and nonprofit sectors in the so-called “fourth sector,” an emerging legal and organizational framework that may be the key to addressing the state’s most complex challenges.
How exactly to do this in California was the focus of the infrastructure action lab—with experts from across the fourth sector making 12 commitments to explore new approaches to investing in everything from goods movement and broadband to water facilities.
READ THE LIST
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