Prohibits State, even during severe fiscal hardship, from delaying distribution of tax revenues for these purposes. Fiscal Impact: Decreased state General Fund spending and/or increased state revenues, probably in the range of $1 billion to several billions of dollars annually. Comparable increases in funding for state and local transportation programs and local redevelopment.
WHAT YOUR VOTE MEANS
YES vote on this measure means: The state's authority to use or redirect state fuel tax and local property tax revenues would be significantly restricted.
NO vote on this measure means: The state's current authority over state fuel tax and local property tax revenues would not be affected.
Saturday, October 30, 2010
PROP 22 PROHIBITS THE STATE FROM BORROWING OR TAKING FUNDS USED FOR TRANSPORTATION, REDEVELOPMENT, OR LOCAL GOVERNMENT PROJECTS AND SERVICES. INITIATI
Labels:
2010,
budget,
Nov_2_2010
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