Attorney General No.

SA93RF0034

Secretary of State No.

619

Description

PUBLIC TRANSPORTATION TRUST FUNDS. GASOLINE SALES TAX. INITIATIVE STATUTE. Imposes additional four percent tax on retail sales of gasoline; proceeds deposited into transit and highway trust funds. Revenue to be spent on electric rail and clean fuel buses, light rail, commuter and intercity rail systems, transit for elderly and disabled persons, bicycle projects, crime reduction on transit systems, and other transportation programs. Limits overhead on state construction projects and transportation operations funded from revenue. Provides for acquisition of agricultural land conservation easements, wetlands, riparian habitat and land for parks as offsets to transportation impacts. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: The measure would generate revenues in the range of $700 million to $725 million in the first year (1995), increasing annually. Would annually transfer approximately $25 million in sales tax revenue from the General Fund to the newly created Transportation Planning and Development Account. Reduction in gasoline consumption as a result of the higher tax could result in sales and gasoline tax revenue losses of approximately $21 million to the state and $13 million to local government. Costs to administer and implement programs created by the measure would be fully covered by generated revenues.

Proponents

Gerald H. Meral, Ph.D. Planning And Conservation League, 926 "J" Street, Suite 612, Sacramento, California 95814 (916) 444-8726

Date

1-3-1994

Document Type

Initiative

Qualified

Qualified

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