Billions of dollars are burning a hole in the state’s pocket

The Chronicle reports that there’s billions of dollars burning a hole in the state’s pocket has that effect on people, and the competition is fierce.

Nearly $5 billion has flowed into the state’s unique Greenhouse Gas Reduction Fund since 2013.

A big chunk of the revenue each year is spoken for, set aside for the state’s high-speed rail plan, affordable housing and a host of transit projects. The discretionary portion amounts to about 40 percent of the total and must go toward projects that lower greenhouse gas emissions or assist low-income areas.

Source: Green groups line up for state’s cap-and-trade cash – San Francisco Chronicle

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