ATP Cycle 5 Boosted by $500 million

Last month, we wrote about a letter we and our allies had sent requesting a $1 billion augmentation from the General Fund surplus. Since then, Governor Newsom proposed in his May budget revision, and the State Legislature has approved, a $500 million augmentation. While this is not as much as we hoped, it is a significant boost to the program, and more than was available in Cycle 5 originally.