The Legislature and Administration have signaled that they would like to reauthorize the Cap-and-Trade program in 2025, as the program expires in 2030 and to reduce volatility in auction proceeds. SPUR's believes that the reauthorization of the Cap and Trade is an opportunity for the state to provide more predictable funding for transit operations, which would in turn help the state meet its climate goals. This letter provides five ideas to restructure the public transit programs that are funded by Cap and Trade revenues through the Greenhouse Gas Reduction Fund.
