California Proposition 1E (2006)

From Ballotpedia

California Proposition 1E was on the November 7, 2006 ballot in California. It passed with 64.2% of the vote. The committee that raised the most money was the "Rebuild California" committee that raised $9,235,090 to help propositions 1A, 1B, 1C, 1D and 1E.

Objectives of the initative

1. Rebuild and repare California's most vulnerable flood control structures 2. Protects drinking water by strengthening structures that are vulnerable to Earthquakes and Storms ^[1]

Costs of the initative

• State cost of about $8 billion over 30 years to pay off both the principal ($4.1 billion) and interest ($3.9 billion) costs on the bonds. Payments of about $266 million per year.

• Reduction in local property tax revenues of potentially up to several million dollars annually.

• Additional unknown state and local government costs to operate or maintain properties or projects acquired or developed with these bond funds. ^[2]

Text of the initative

The text of the proposed law can be found in pdf form here ^[3]

Arguments for the initative

• Protects drinking water

• safeguards against floods

• Prevents ocean pollution

• Prevents loss of Homes/Lives

Main proponets: HENRY RENTERIA, Director California Office of Emergency Services

MICHAEL L. WARREN, President California Fire Chiefs Association

LINDA ADAMS, Secretary California Environmental Protection Agency ^[4]

Arguments against the initative

• Would result in a tax increase
• Not Fiscally resposible
• Federal funding is the answer
• Not a priority

Main Opponet THOMAS N. HUDSON, Executive Director The California Taxpayer Protection Committee ^[5]

A Taxpayer’s Perspective from the National Taxpayers Union

Propositions 1B through 1E would issue a total of nearly $37.3 billion in new debt authority to the state for various purposes, including highways, schools, homeless shelters, and flood-control projects. Opponents of these measures argue that the state can’t afford such a large borrowing spree.

Notes

1. ↑ http://www.voterguide.sos.ca.gov/props/prop1e/prop1e.html
2. ↑ http://www.voterguide.sos.ca.gov/props/prop1e/prop1e.html
3. ↑ http://www.voterguide.sos.ca.gov/pdf/prop1e_text.pdf
4. ↑ http://www.voterguide.sos.ca.gov/props/prop1e/argue_rebutt1e.html
5. ↑ http://www.voterguide.sos.ca.gov/props/prop1e/argue_rebutt1e.html

External links

• Legislative analysis
• League of Women Voters analysis
• Article showing both sides of the issue

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