FUNDS DEDICATED FOR STATE AND LOCAL INFRASTRUCTURE. LEGISLATIVE CONSTITUTIONAL AMENDMENT. • Requires specified percentages of General Fund revenues to be set-aside for acquisition, construction, rehabilitation, modernization, or renovation of infrastructure. • Expenditures must be divided equally between state projects and local projects, other than school and community college district projects, including local street, transportation, water, park, and open space projects. • Proposition 98 school funding guarantee is unchanged. • Amount of first set-aside scheduled for 2006–07 is 1%; they increase 0.3% annually to 3% and then remain fixed. Set-asides are subject to increase, decrease, or suspension with revenue increases and decreases. Summary of Legislative Analyst’s Estimate of Net State and Local Government Fiscal Impact: • Requires dedication of state General Fund revenues for state and local “pay-as-you-go” infrastructure projects. Potential transfers of roughly $850 million in 2006–07, growing to several billions of dollars in future years. (Actual annual transfers could be less—or even zero—in some years due to various adjustments and triggers in the measure.)
Popular Vote Results
Y:3020577; A:36.2; N:5318065; B:63.8; Abst:1074837; C:11.42
LEGISLATIVE CONSTITUTIONAL AMENDMENT.
Jon Coupal, President, Howard Jarvis Taxpayers Association; Allan Zaremberg, President, California Chamber of Commerce; Glen Craig, Retired California Highway Patrol Commissioner --
William Powers, Legislative Director, Congress of California Seniors; Lenny Goldberg, Executive Director, California Tax Reform Association --
Rebuttal Against Author
Caprice Young, Past President, Los Angeles Unified School District Board of Education; Dr. Peter Mehas, Superintendent, Fresno County Office of Education; Jon Coupal, President, Howard Jarvis Taxpayers Association --
FUNDS DEDICATED FOR STATE AND LOCAL INFRASTRUCTURE. California Proposition 53 (2003).