The Office of Innovative Finance - Division of Budgets maximizes available resources by exploring and utilizing traditional and innovative financing strategies.
Innovative Finance Defined
Innovative Finance is a term that refers to moving the transportation funding process from a strategy of solely utilizing traditional funding to a diversified approach that includes innovative financing concepts developed both from the public and private sectors.
The primary objectives of the Office of Innovative Finance - Division of Budgets are to:
- Maximize the State's ability to leverage Federal, State, and Local capital for needed investment in California's transportation system;
- More effectively utilize existing funds; and
- Move projects into construction more quickly than under a traditional financing mechanism.
For additional information, please contact Office of Innovative Finance