Coast Rail Coordinating Committee
Reports, June 24th, 2006
San Luis Obispo — Reported by Bruce Jenkins, RailPAC director — Discussion of a slot for the proposed Coast Daylight train on CT (Caltrain) led to a probable solution (suggested by RailPAC VP North Art Lloyd, who also represented Caltrain at the meeting) in that the morning train, #799, would depart San Francisco at 8:15am and use a “Caltrain Bullet train” slot. This would give CT a southbound train to Gilroy in the AM. This same solution is used by Metrolink for the San Luis Obispo Surfliner.There is a major problem in getting a funding source for the new train on the ‘07-’08 budget. SLOCOG’s Peter Rodgers gave a presentation on the use of “Spillover Funds”: “These are generated when gasoline prices increase at a rate faster than all other taxable items. Hence we are presently seeing unprecedented amounts of revenue in the spillover.” In recent years the Legislature has diverted $694 M of these spillover funds to the general fund for other purposes. This could very well be the source for the Daylight.
