State Legislation: SB 1 (Beall) Transportation Funding

State Legislation: SB 1 (Beall) Transportation Funding

Updated May 25

In February, The SVO Board of Directors took a position of “support” for Senator Jim Beall’s SB-1, funding for California Transportation.

California’s transportation revenues have not kept up with the need; California’s gas tax hasn’t been raised since 1994. Thus, 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.

A 10-year, $6 billion annual investment into repairing and upgrading California’s transportation infrastructure would generate an estimated $111.9 billion in economic activity including 570,000 jobs – nearly 200,000 of which would be in construction occupations earning prevailing wages, $38.7 Billion in personal income and $4.5 Billion in additional local and state tax revenues.

The SVO will continue to lobby in favor of this bill as The silicon valley organization has identified transportation funding as a top legislative priority for 2017.

SVO POSITION: SUPPORT

STATUS: Chaptered by Secretary of State

For more information, please click here.

Questions? Please contact Victor Cuauhtémoc Gomez, Sr. Director of Public Policy at victorg@thesvo.com

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