Thursday, February 23, 2012

$253 MILLION IN NEW FUNDING WILL BOOST LOCAL ECONOMIC GROWTH AND IMPROVE TRANSPORTATION

The California Transportation Commission (CTC) today allocated $253 million in new funding to 30 projects that will improve the state’s transportation system and strengthen California’s economic recovery.

The allocations include $206 million from Proposition 1B, a transportation bond approved by voters in 2006. In total, nearly $12 billion in Proposition 1B funds have been allocated statewide.

The remaining $47 million in allocations came from assorted transportation accounts funded by state and federal dollars.

Among the local projects that received funding allocations today were: