Proposition Summary

Beginning in 2024, requires that cap-and-trade revenues accumulate in a reserve fund until the Legislature, by a two-thirds majority, authorizes use of the revenues. Fiscal Impact: Beginning in 2024, potential temporary increase in state sales tax revenue, ranging from none to a few hundred million dollars annually, and possible changes in how revenue from sale of greenhouse gas emission permits is spent.

Proposition Number

70

Year

2018

Document Type

Proposition

Legislative Vote Results

FINAL VOTES CAST BY THE LEGISLATURE ON ACA 5 (PROPOSITION 69) (RESOLUTION CHAPTER 30, STATUTES OF 2017) Senate: Ayes 28 Noes 10; Assembly: Ayes 56 Noes 24

Election Type

Primary

Proposition Type

LEGISLATIVE CONSTITUTIONAL AMENDMENT

For Author

EDMUND G. BROWN JR., Governor ALLAN ZAREMBERG, President California Chamber of Commerce CHAD MAYES, California State Assembly member

Against Author

SENATOR BEN ALLEN 26th District ASSEMBLYMEMBER TODD GLORIA 78th District HELEN L. HUTCHISON, President League of Women Voters of California

Rebuttal Author

TOM STEYER, President NextGen California REBECCA SALTZMAN, Interim Executive Director California League of Conservation Voters DR. JOSEPH K. LYOU, President Coalition for Clean Air

Rebuttal Against Author

MICHAEL D. SHROUT, President California State Firefighters’ Association ANJA RAUDABAUGH, Chief Executive Officer Western United Dairymen

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