Innovative Finance

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.

Independent Registered Municipal Advisor (IRMA) Exemption Notice (PDF)

For additional information, please contact Office of Innovative Finance