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Impacts to California Transportation Finance

The COVID-19 crisis has significantly reduced transportation revenues from the motor vehicle fuel tax, toll bridges and roads, transit fares, regulatory surcharges on rental cars, taxis, and TNCs, and perhaps most importantly, general sales taxes. How large are these effects and when can we expect recovery? How does the crisis impact opportunities to invest in equity programs and projects? Should California accelerate transportation infrastructure construction through a bond financing program?

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