Under the revision, the entire state budget would grow from $131.4 billion to $145.9 billion, up from the governor’s January total budget proposal of $143.4 billion.
While the new plan would still result in a $1.4 billion deficit next year, the number is much lower than the double-digit billion-dollar deficit facing Schwarzenegger when he took office in 2003.
The revision also increases general fund spending by about 1.5 percent in the budget year that begins July 1, from $102.3 billion to $103.8 billion. Schwarzenegger's January proposal called for $103.1 billion in spending.
A $4 billion carryover from the current fiscal year would allow the additional spending and Schwarzenegger included no tax hikes in his revision.
One of the governor's spending additions is $111 million to boost the Carl Moyer Memorial Air Quality Standards Attainment Program. The Moyer Program provides incentive grants for cleaner-than-required engines, equipment and other sources of pollution providing early or extra emission reductions.
The newly budgeted funds would be used to support the Moyer Program's efforts to replace old diesel engines in trucks and heavy equipment in the state’s major trade corridors. Much of the funding would come from the Proposition 1B bond measure approved by voters in November.
The Gateway Cities Council of Governments has run a fleet modernization program in Southern California for several years, utilizing funds from the Moyer Program. It offers short-haul drayage drivers in the region an incentive to scrap older trucks and purchase newer 'clean-burning' vehicles.
The Legislature must approve the budget by June 15 and Schwarzenegger is supposed to sign the budget bill into law by June 30.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now