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LWV League of Women Voters of California
Smart Voter
State of California October 7, 2003 Election
Proposition 53
California Twenty-First Century Infrastructure Investment Fund; Resolution Chapter 185, Statutes of 2002 (ACA 11, Richman)

Legislative Constitutional Amendment

2,948,195 / 36.3% Yes votes ...... 5,167,312 / 63.7% No votes

See Also: Index of all Propositions
Information shown below: Summary | Fiscal Impact | Official Information |

Should the state dedicate up to 3% of General Fund revenues annually to fund state and local (excluding school and community college) infrastructure projects?

Summary Prepared by the State Attorney General:
Requires specified percentages of General Fund revenues to be set-aside for acquisition, construction, rehabilition, 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.

Fiscal Impact from the Legislative Analyst:
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.)

Official Sources of Information
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Secretary of State

Campaign Finance Information

Secretary of State

Nonpartisan Information

League of Women Voters

California Budget Project News and Analysis

KQED/FM Forum Discussion

Contra Costa Times Sacramento Bee San Francisco Chronicle Partisan Information

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Created: October 28, 2003 12:34 PST
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