Proposition 1: The Safe, Reliable High-Speed Passenger Train Bond Act for the 21st Century PASSED

Bond Measure

• Prop. 1 asks voters to approve the issuance of $9.95 billion of general obligation bonds.
• This would partially fund a $40 billion, 800-mile high speed train under the supervision of the California High-Speed Rail Authority.
• The train would run between San Francisco and Los Angeles, with Anaheim, California, designated as the southern terminus of the initial segment of the high-speed train system.
• Estimates are that the train system would be completed in 2030, and that it would take passengers between San Francisco and Los Angeles in about 2 hours and 40 minutes.

POSSIBLE DELAY

• The California State Assembly approved AB 3034 on May 30 by a vote of 60-3. The goal of AB 3034 is to "make the rules for spending the bond money more flexible if voters sign off on the bonds in November."[1] The Senate Appropriations Committee is considering the bill.
• AB 3034 has to be signed no later than midnight on July 15 in order for the language in it to be included in the ballot pamphlet for the November 4 election.
• As it is currently written, Prop 1 gives top funding priority to a route between Los Angeles and San Francisco. If AB 3034 becomes law, Prop 1 would be:
• * Amended to give all high-speed rail corridors, including the route through Altamont Pass, an equal opportunity to compete for a share of the $9 billion.

More on the CA Secretary of State's site.
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Proposition 91: Transportation Funds. FAILED

INITIATIVE CONSTITUTIONAL AMENDMENT.

• Prohibits certain motor vehicle fuel sales and use taxes, that are earmarked for the Transportation Investment Fund, from being retained in the General Fund. Currently such taxes may be retained if Governor issues a proclamation, a special statute is enacted by a 2/3 vote of the Legislature, repayment occurs within three years, and certain other conditions are met.
• Requires repayment by 6/30/17 of such vehicle fuel taxes retained in General Fund from 7/1/03 to 6/30/08. Currently repayment is generally required by 6/30/16.
• Changes how and when General Fund borrowing of certain transportation funds is allowed.

SUMMARY OF LEGISLATIVE ANALYST'S ESTIMATE OF NET STATE AND LOCAL GOVERNMENT FISCAL IMPACT:

• Increases stability of state funding for highways, streets, and roads and may decrease stability of state funding for public transit. May reduce stability of certain local funds for public transit.

TEXT OF PROPOSED LAW HERE.

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