(a)

(1) The commission shall prepare, in consultation with the Transportation Agency and the department, a needs assessment of the cost to operate, maintain, and provide for the necessary future growth of the state and local transportation system for the next years. As part of the needs assessment, the commission shall forecast the expected revenue, including federal, state, and local revenues, to pay for the cost identified in the needs assessment, any shortfall in revenue to cover the cost, and recommendations on how any shortfall should be addressed.

(2) In determining the cost to provide for the necessary future growth of the state and local transportation system in the needs assessment, the commission shall include the costs of transportation system improvements included in regional, interregional, and state transportation improvement programs adopted pursuant to

Chapter 2 (commencing with

Section 14520), the California State Rail Plan pursuant to

Section 14036, and the State Highway System Management Plan adopted pursuant to

Section 164.6 of the Streets and Highways Code. Any analysis of necessary future growth shall be consistent with the transportation vision and preferred scenario contemplated in the most recent California Transportation Plan developed pursuant to

Chapter 2.3 (commencing with

Section 65070) of Division of Title 7.

(3) The commission shall include the cost to address climate change impacts to provide for system resiliency in the needs assessment.

(4) In developing the needs assessment, the commission may use existing reports or analyses.

(5) In developing the needs assessment, the commission shall consult with relevant stakeholders, including, but not limited to, community-based organizations, environmental justice and equity-based organizations, organized labor, the transportation industry, metropolitan planning organizations, county transportation commissions, regional transportation planning agencies, local governments, and transit operators. (

b) Notwithstanding

Section 10231.5, the commission shall submit an interim needs assessment to the Legislature on or before January 1, 2024, and a completed needs assessment to the Legislature on or before January 1, 2025, and every five years thereafter. The needs assessment shall be submitted in compliance with

Section 9795. (

c) For purposes of this section, “state and local transportation system” includes all of the following:

(1) Bicycle and pedestrian facilities.

(2) Local streets and roads.

(3) Highways, bridges, and culverts.

(4) Transit systems, commuter rail systems, and intercity rail systems, including the operation of those systems.