25% is considered "almost all" now?
10% of Cap and Trade going to TIRCP is not bad. But if CARB doesn't figure out how to fix the auctions 10% of nothing is well, nothing.
The legislature threw another $135 million at TIRCP as part of the split of Cap & Trade in this year's budget trailer bills. Lots of other pork in there for pet projects.
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leginfo.legislature.ca.gov]
I'm more concerned about the legislature getting their heads out of their butts after the election and finally fixing the gas tax crisis that's crippled the STIP.