Office of Innovative Finance

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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

For additional information, please contact Office of Innovative Finance.

Statewide Alerts and Other Information

Contact Information

Physical Address:

California Department of Transportation
Division of Budgets
1120 N Street
Sacramento, CA 95814

Mailing Address:

California Department of Transportation
Division of Budgets
1120 N Street, MS 24
Sacramento, CA 95814

Shipping Address:

California Department of Transportation
Division of Budgets
1120 N Street, MS 24
Sacramento, CA 95814

General Information:

Phone: (916) 654-7287
Email: Assistant.to.Budgets@dot.ca.gov

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