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Day two of David Pecker testimony wraps in NY Trump trial; Supreme Court hears arguments on Idaho's near-total abortion ban; ND sees a flurry of campaigning among Native candidates; and NH lags behind other states in restricting firearms at polling sites.

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The Senate moves forward with a foreign aid package. A North Carolina judge overturns an aged law penalizing released felons. And child protection groups call a Texas immigration policy traumatic for kids.

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The urban-rural death divide is widening for working-age Americans, many home internet connections established for rural students during COVID have been broken and a new federal rule aims to put the "public" back in public lands.

Using Cap and Trade Funds for Housing and Transit

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Wednesday, April 16, 2014   

SACRAMENTO, Calif. - State Senate President Pro Tem Darrell Steinberg is proposing a new plan for cap-and-trade proceeds that are collected from the state's biggest polluters.

Steinberg, D-Sacramento, wants the majority of those revenues to go toward providing a permanent source of funding for sustainable affordable housing and mass transit, like high-speed rail.

"Investments that reduce greenhouse gas emissions get funding priority," he said. "Social equity, economic development and climate change go together."

The state is expected to collect billions of dollars in cap-and-trade auctions. Steinberg's plan would allocate 35 percent of the revenues to affordable housing and "sustainable communities," with half going to housing near transit. Twenty-six percent of the revenues would go to transit projects, including a big chunk toward construction of the California High-Speed Rail line.

Steinberg said mass transit and affordable housing face a catastrophic funding crisis in California.

"State funding for affordable housing was eliminated almost entirely during the global recession," he said. "The funding shortfall for mass transit between 2011 and 2020 is $22 billion."

California's landmark legislation, AB 32, requires the state to reduce greenhouse gas emissions to 1990 levels by 2020. Companies who create more pollution than they are allowed can buy emission "credits" under the cap-and-trade system.


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