Attorney General No.
Secretary of State No.
TRAFFIC CONGESTION RELIEF TRUST FUND. REALLOCATION OF MOTOR VEHICLE SALES TAX REVENUES. INITIATIVE STATUTE. Reallocates revenues from currently authorized sales taxes on sale or lease of motor vehicles from the General Fund to a new Congestion Relief Trust Fund for programs including traffic congestion relief, highway, street, and railroad crossing improvements, rail and bus services, senior and disabled assistance, roadside recreational facilities, bicycle commuter projects, pedestrian safety, wildlife, habitat and wetland protection, air and water quality improvements and others. Specifies distribution percentages, methods, conditions and restrictions. Authorizes revenue bonds for capital outlay projects. Maintains Proposition 98 school funding level. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: This measure redirects General Fund revenues to transportation purposes in the amount of about $2.2 billion in 2002-03, $3.6 billion in 2003-04, and increasing annually thereafter. Corresponding reductions in General Fund revenues available for non-Proposition 98 expenditures.
Gerald H. Meral, Planning and Conservation League, 926 J Street, Suite 612, Sacramento, CA 95814, (916) 444-8726
Failed to Qualify
TRAFFIC CONGESTION RELIEF TRUST FUND. REALLOCATION OF MOTOR VEHICLE SALES TAX REVENUES. \INITIATIVE STATUTE. California Initiative 921 (2001).