Should the state sell $19.9 billion in general obligation bonds to fund state and local transportation improvement projects to relieve congestion, improve movement of goods, improve air quality, and enhance safety and security of the transportation system?
This act 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, and improves anti-terrorism security at shipping ports by providing for a bond issue not to exceed nineteen billion nine hundred twenty-five million dollars ($19,925,000,000).
(Put on the ballot by the Legislature)
State costs of approximately $38.9 billion over 30 years to repay bonds. Additional unknown state and local operations and maintenance costs.
- A YES vote on this measure means:
- The state could
sell $19.9 billion in general
obligation bonds, for state
and local transportation
improvement projects
to relieve congestion,
improve the movement
of goods, improve air
quality, and enhance the
safety and security of the
transportation system.
- A NO vote on this measure means:
- The state could not sell $19.9 billion in general obligation bonds,
for these purposes.
- Summary of Arguments FOR Proposition 1B:
- YES on 1B jump-starts traffic
relief, mass transit, and safety
improvements in every corner
of the state without raising
taxes. 1B builds new roads and
transportation improvement
projects that enhance mobility
and protect our economic
future. Rebuild California:
YES on 1B--safer roads,
reduced congestion, and a
strong economy,
http://www.ReadForYourself.org.
Full Text of Argument In Favor,
Rebuttal
- Summary of Arguments AGAINST Proposition 1B:
- California cannot afford
to continue borrowing its
way into a false sense of
economic security. More
borrowing means worsening
budget deficits. A no vote
will force the Legislature
to focus on paying for
our transportation needs
with existing funds in a
fiscally responsible manner.
Please vote NO on 1B.
Full Text of Argument Against,
Rebuttal
- Contact FOR Proposition 1B:
- Let's Rebuild California
1127 11th Street, Suite 950
Sacramento, CA 95814
(916) 448-1401
info@readforyourself.org
http://www.readforyourself.org
- Contact AGAINST Proposition 1B:
- California Taxpayer Protection Committee
Thomas N. Hudson, Executive Director
9971 Base Line Road
Elverta, CA 95626-9411
(916) 991-9300
info@protecttaxpayers.com
http://www.protecttaxpayers.com
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- how much money is being raised and spent on Prop 1B
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League of Women Voters of California Education Fund
Pass:
4,475,784 /
61.2% Yes votes ......
2,835,618 /
38.8% No votes