Lack of State Budget Affects $3 Billion in Projects, Caltrans Says
Prior to California Transportation Commission allocation meetings this week, Caltrans sent a �White Paper� to Dale Bonner, secretary of the state Business, Transportation and Housing Agency, which oversees the department, outlining drastic measures the department will have to make if the state budget is not passed � and passed quickly.
Cindy McKim, Caltrans director, says that if the current budget impasse continues through the end of August, �transportation fund cash balances may be depleted resulting in potential suspension of ongoing construction projects.� McKim says that if the impasse carries on into September, the department would have to stop or delay the start of $3 billion worth of transportation projects, plus delay contractor payments on $9.5 billion worth of current construction.