Public Transportation Account: Options to Address Projected Shortfall [Publication Details]

Jan 4, 2000 - We project a shortfall for the Public Transportation Account (PTA). As a result of this shortfall, no PTA funds will be available for new transit capital improvement projects through at least 2005-06. We discuss various alternatives for addressing this shortfall, including a constitutional amendment to permit expenditure of gas tax revenues for transit rolling stock.
https://lao.ca.gov/Publications/Detail/649