- Requires loans of transportation related revenues to the General Fund be repaid the same fiscal year, or within three fiscal years if the Governor declares an emergency significantly impacting the General Fund or General Fund revenues are less than the previous fiscal year's adjusted revenues.
- Allows loans of certain transportation related revenues to local entities conditioned upon repayment, with interest, within four years.
- Designates local transportation funds as trust funds and prohibits abolition of all such funds created by law.
- Restricts allocations from local transportation funds to designated purposes relating to local transportation.
- It is unlikely that this measure would have any fiscal impact on state and local governments.
- A YES vote of this measure means:
- Additional restrictions
would be placed on loans of
state transportation funds to
the state General Fund. In
addition, local transportation
funds from the one-quarter
cent of county sales tax could
not be diverted from specified
transportation purposes to
other general purposes.
- A NO vote of this measure means:
- Loans could continue
to be made from state
transportation funds to the
General Fund without added
restrictions. Local
transportation funds derived
from the one-quarter cent of
county sales tax could be
diverted for
nontransportation purposes
by changing state law.
- Summary of Arguments FOR Proposition 2:
- Proposition 2 will make sure the money
you pay in fuel taxes is used to build and
maintain California's roads and transit
systems. Without paying 1¢ more at the
pump, you can help improve
transportation by joining with the
California Taxpayers Association,
business, labor, and environmental
organizations in voting "yes."
Full Text of Argument In Favor
- Summary of Arguments AGAINST Proposition 2:
- NOT PROVIDED
- Contact FOR Proposition 2:
- Transportation California
P.O. Box 980336
West Sacramento, CA
95798-0336
(916) 600-4260
- Contact AGAINST Proposition 2:
- NOT PROVIDED
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