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Growing California cap-and-trade fund attracts surge of spending proposals
Sacramento Bee ^ | May 10, 2015 | Jeremy B. White

Posted on 05/11/2015 6:15:56 AM PDT by artichokegrower

With California’s growing cap-and-trade program expected to yield a budgetary bonanza, lawmakers and interest groups have ample ideas for how to spend the money. Floating proposals ahead of a pivotal period for budget negotiations, they say they want to fund port improvements, pay for heavy-duty trucks and ferries, nurture urban rivers, sponge up carbon in soil and provide discounted bus passes.

They are vying for a surge in new revenue that will be available this budget cycle and could continue pouring in for years to come.

(Excerpt) Read more at sacbee.com ...


TOPICS: Culture/Society
KEYWORDS: california; capandtrade; economy
Billions transferred every year from the California private sector to the public sector without one iota of difference made affecting global climate change. What a crock!
1 posted on 05/11/2015 6:15:56 AM PDT by artichokegrower
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To: artichokegrower
With California’s growing cap-and-trade program expected to yield a budgetary bonanza, lawmakers and interest groups have ample ideas for how to spend the money.

They are vying for a surge in new revenue that will be available this budget cycle and could continue pouring in for years to come.

Cutting taxes is never an option. Shoring up the state's failing pension fund is never considered.

California is a totally dysfunctional state.

2 posted on 05/11/2015 6:23:05 AM PDT by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit.)
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To: Pontiac

BTTT!


3 posted on 05/11/2015 6:24:35 AM PDT by BenLurkin (The above is not a statement of fact. It is either satire or opinion. Or both.)
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To: artichokegrower

“With California’s growing cap-and-trade program...”

...more and more businesses will be driven out of the state. The money currently burning a hole in the politician’s pockets may not be there when it’s time to write those pet project checks.


4 posted on 05/11/2015 6:28:46 AM PDT by moovova
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To: artichokegrower

Extortion pays big.

Perhaps they could build some more water storage facilities.


5 posted on 05/11/2015 6:34:27 AM PDT by headstamp 2
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To: artichokegrower

Another Ponzi scheme will surely save CA.


6 posted on 05/11/2015 6:43:32 AM PDT by grumpygresh (Democrats & GOPe delenda est. U.S. Federal government = 1930s Nazi gov.)
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To: headstamp 2
"Perhaps they could build some more water storage facilities"

They have to get the voters to approve that.

And they did, last Nov 2014, $7.5 billion in Prop 1.

Some of that money was for storage projects such as Sites Reservoir, Temperance Flat Dam and raising Shasta Dam.

Prop 1 actually began in 2009 when the lege worked up an $11 billion bond offering, but they didn't put it on the ballot in 2010 because there wasn't enough votes to pass it. In 2012 there still was not enough vote so it was not on the ballot.

So in 2014 the $11 billion was reduced to $7.5 billion, put on the ballot, and it passed.

In 2010, the drought was young, and the voters scoffed at these expensive water projects. But by 2014, the drought was worse, and these projects seemed more reasonable.

7 posted on 05/11/2015 6:59:23 AM PDT by Ben Ficklin
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To: artichokegrower

There will be a carbon equivalent of Emron.


8 posted on 05/11/2015 7:03:41 AM PDT by jdsteel (Give me freedom, not more government.)
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To: artichokegrower
There will be a carbon equivalent of Enron.
9 posted on 05/11/2015 7:04:04 AM PDT by jdsteel (Give me freedom, not more government.)
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To: artichokegrower
...pay for heavy-duty trucks and ferries, nurture urban rivers...

Ferries? Urban rivers?

This is a river of money we're talking about not rivers of water.

What a perfect metaphor, though. Sacramento is a huge reservoir of money that has been diverted from its people's pockets.

10 posted on 05/11/2015 7:15:01 AM PDT by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: Texas Eagle

“We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle” Winston Churchill


11 posted on 05/11/2015 7:28:00 AM PDT by artichokegrower
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To: artichokegrower

Amen.


12 posted on 05/11/2015 7:32:02 AM PDT by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: artichokegrower

A common failing with all these idiots is that they extrapolate in a straight line upward. Remember the $5-a-gallon tax? The proponents were taking existing mileage and multiplying that figure times $5 and predicting millions of extra income, never taking into account that people will react.

Same here - some generators of that tax move elsewhere and the prediction falls flat - after the pols have committed the state to years of spending based on their bogus numbers.


13 posted on 05/11/2015 7:41:41 AM PDT by Oatka (This is America. Assimilate or evaporate.)
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To: artichokegrower

Gas is back up to 4 bucks a gallon again here in commie land. I was in Texas over the weekend and it was 2.49. Man I hate living in commifornica!!!!


14 posted on 05/11/2015 7:48:25 AM PDT by US_MilitaryRules (The last suit you wear has no pockets!)
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To: Pontiac

but cap-and-trade tax is to fight Global Warming ,LOL ,just another Tax scam


15 posted on 05/11/2015 7:49:12 AM PDT by molson209 (Blank)
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To: artichokegrower

California is just Cook County west only we have more crooks.


16 posted on 05/11/2015 8:25:21 AM PDT by Vaduz
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To: molson209
Actually it is the perfect anti-capitalism tax.

A tax on the means of production, for with out energy there can be no production in the modern world.

Make energy expensive and the capitalist economy will grind to halt.

17 posted on 05/11/2015 8:57:40 AM PDT by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit.)
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To: US_MilitaryRules

Yuma, AZ gets its gas from San Diego, Yuma $2.59 San Diego almost a buck more.


18 posted on 05/11/2015 10:16:46 AM PDT by Foolsgold (Those who are too smart to engage in politics are punished by being governed by those who are dumber)
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