SACRAMENTO – California Senate President pro Tempore Kevin de León (D-Los Angeles) released the following statement applauding Governor Brown’s renewed focus on infrastructure projects:
“I’m pleased with Governor Brown’s call to action to address California’s critical infrastructure needs, including new investments in flood protection, transportation and affordable housing. Senate leadership introduced the California Rebuild legislative package in December and we look forward to working closely with the Administration and our colleagues in the Assembly to accomplish this important work.”
SB 1 (Beall): Transportation Infrastructure and Economic Investment Act
California’s freeway system faces a $59 billion maintenance shortfall over the next 10 years, while local governments face a $78 billion shortfall for local roads, highways and bridges. This 10-year, $6 billion annual investment will go towards repairing and upgrading streets, roads, and bridges, and improving transit systems and trade corridors. In turn, investing in California’s transportation infrastructure will generate an estimated $111.9 billion in economic activity including 570,000 jobs.
SB 4 (Mendoza): Clean Goods Movement Bond
Improving goods movement is critical to relieve congestion on freeways and increase mobility for all Californians. SB 4 will make a $1.2 billion investment to enhance freight movement across the state and to reduce emissions and health risks from freight operations in California’s priority trade corridors.
SB 2 (Atkins): The Building Homes and Jobs Act
Increased and ongoing funding for affordable housing is critical to stabilize the state’s housing development and construction marketplace. The Building Homes and Jobs Act establishes a permanent funding source for affordable housing to generate hundreds of millions of dollars annually for construction of housing and homeownership assistance through a $75 fee on real estate transaction documents.
SB 3 (Beall): Statewide Housing Bond
This $3 billion statewide housing general obligation bond, similar to Propositions 46 and 1C, will fund existing and successful affordable housing programs in California, with the intent of addressing the shortage of housing stock.
Water, Parks, and Flood Protection
SB 5 (De León): The CA Clean Drinking Water and Natural Resource Protection Act of 2016
In order to address the ongoing impacts of state’s historic drought, strengthen flood protection and to maintain a high quality of life for California’s growing population, there is a serious need for new state investment in water infrastructure, parks, recreation facilities, and protection of the state’s natural and historical resources. SB 5 will fund state and local parks and water infrastructure through a $3.5 billion bond. The measure allocates $500 million for flood protection infrastructure repair statewide.
Higher Education Facilities
SB 483 (Glazer): Higher Education Bond
SB 483 would authorize the statewide sale of $2 billion in general obligation bonds earmarked for higher education facilities at CSU and UC campuses. The bonds would go before voters in the 2018 general election.