Apr 04 2017

‘Fix-It Bill’ For Transportation Funding Heads To Legislature For Approval

Gov. Brown and legislative leaders announced The Road Repair and Accountability Act of 2017 Wednesday, which will be inserted into transportation funding bill SB 1 (Beall). OCBC supports that the bill details new funding measures for road repairs, which would be guaranteed by a constitutional amendment an includes strong accountability measures. 

It provides for roughly $52 billion over 10 years, with two-thirds dedicated to fixing roads and bridges at the state and local levels. One third of the funding is slated for transit expansion and operations as well as capacity improvements to help relieve congested roads. Under this proposal state funding is available for local agencies to match local funding, leveraging local tax dollars. 

The package will now be considered by the California Legislature, where OCBC is encouraged by the announcement of this deal, studying the details and advocating support for this comprehensive solution to the full Legislature; it isn’t perfect, but OCBC is advocating support to the full legislature. 

CLICK HERE for a fact sheet regarding the proposal. CLICK HERE for the statement from the governor’s office. For more information, contact Bryan Starr, Sr. Vice President, Government Affairs.

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