HIGHWAY SAFETY, TRAFFIC REDUCTION, AIR QUALITY, AND PORT SECURITY BOND ACT OF 2006. Makes safety improvements and repairs to state highways; upgrades freeways to reduce congestion; repairs local streets and roads; upgrades highways along major transportation corridors. Improves seismic safety of local bridges. Expands public transit. Helps complete the state's network of car pool lanes. Reduces air pollution. Improves anti-terrorism security at shipping ports. Provides for a bond issue not to exceed nineteen billion nine hundred twenty-five million dollars ($19,925,000,000). Appropriates money from the General Fund to pay off bonds. Summary of Legislative Analyst’s Estimate of Net State and Local Government Fiscal Impact: State costs of about $38.9 billion over 30 years to pay off both the principal ($19.9 billion) and interest ($19.0 billion) costs of the bonds. Payments of about $1.3 billion per year. Additional unknown state and local government costs to operate and maintain transportation infrastructure (such as roads, bridges, and buses and railcars) funded with bonds. A portion of these costs would be offset by revenues generated by the improvements, such as fares and tolls.
Legislative Vote Results
FINAL VOTES CAST BY THE LEGISLATURE ON SB 1266 (PROPOSITION 1B) -- Senate: Ayes 37 Noes 1 -- Assembly: Ayes 61 Noes 10 --
Popular Vote Results
Bond Act Act
MARIAN BERGESON, Chair, California Transportation Commission; ALAN C. LLOYD, Former Chair, California Air Resources Board; ALLAN ZAREMBERG, President, California Chamber of Commerce
MICHAEL N. VILLINES, California State Assemblyman, 29th District
Rebuttal Against Author
LARRY McCARTHY, President, California Taxpayers' Association; THOMAS V. McKERNAN, President, Automobile Club of Southern California (AAA); MICHAEL BROWN, Commissioner, California Highway Patrol
HIGHWAY SAFETY, TRAFFIC REDUCTION, AIR QUALITY, AND PORT SECURITY BOND ACT OF 2006. California Proposition 1b (2006).