"Californians are being crushed by high gas prices. My measure pumps the brakes on high gas prices and puts money back where it belongs - in the pockets of hardworking Californians."
"SB 1035 proposes temporarily using General Fund dollars to offset losses to the Greenhouse Gas Reduction Fund, but it does not identify a stable replacement revenue source for transportation funding. In other words: the bill promises relief, but does not fully explain what gets cut - or backfilled - to pay for it."
"According to the California Legislative Analyst's Office, fuel excise tax revenues are constitutionally dedicated to transportation purposes, including: Highway maintenance and rehabilitation, Local street and road repair, Bridge upgrades, Transit capital improvements, and Debt payments on transportation bonds."
State Senator Tony Strickland proposed Senate Bill 1035 to temporarily suspend California's 57.9-cent per gallon excise tax, the Low Carbon Fuel Standard, and cap-and-trade fuel compliance costs for one year. The bill claims to save drivers approximately $1.08 per gallon. The proposal includes an urgency clause for immediate implementation if signed. However, Democratic legislative leaders have signaled strong resistance, criticizing the measure as fiscally irresponsible and politically motivated. The bill proposes using General Fund dollars to offset losses to the Greenhouse Gas Reduction Fund but fails to identify stable replacement revenue sources for transportation funding. Gas tax revenues are constitutionally dedicated to highway maintenance, local road repair, bridge upgrades, transit improvements, and transportation bond debt payments established under the 2017 Senate Bill 1 transportation funding package.
Read at Streetsblog
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