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TJPA update: cap‑and‑trade reauthorization remains uncertain; Senate ahead, auctions show volatility
Summary
Townsend Public Affairs and TJPA staff updated the board March 13 on outreach in Sacramento as lawmakers consider reauthorizing Californias cap‑and‑trade program; staff said the Senate is farther along in talks and recent auction proceeds have fluctuated, affecting revenue expectations.
Townsend Public Affairs summarized the state legislative landscape affecting the Transbay Portal and other regional transit projects during the March 13 TJPA board meeting.
Niccolo DeLuca of Townsend Public Affairs briefed the board on the beginning of the 2025–26 legislative session in Sacramento. He said the Senates working group is farther along in its discussions and has indicated support for maintaining a 25% set‑aside for high‑speed rail in some proposals, while the Assembly is less advanced and more cautious about allocations.
DeLuca and TJPA executive staff told the…
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