BALLOT MEASURE SUMMARY
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SUMMARY Put on the Ballot by Petition Signatures |
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| Establishes $4 billion program to reduce petroleum consumption through
incentives for alternative energy, education and training.
Funded by tax on California oil producers. Fiscal Impact: State oil
tax revenues of $225 million to $485 million annually for alternative energy
programs totaling $4 billion. State and local revenue reductions up
to low tens of millions of dollars annually. |
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WHAT YOUR VOTE MEANS |
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| YES A YES vote on this measure means: The state would impose a tax on oil production to support $4 billion in expenditures to develop and promote alternative energy technologies and promote the reduction of petroleum use. |
NO A NO vote on this measure means: The state would not impose a tax on oil production to fund these activities. |
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ARGUMENTS |
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| PRO Vote YES on Prop. 87 and make oil companies pay their fair share for cleaner, cheaper energy. Oil companies pay billions in oil drilling fees in Alaska and Texas—but almost nothing in California. Prop. 87 makes oil companies pay and makes it illegal to pass the cost to consumers. |
CON $4 BILLION oil tax increase! HIGHER GAS PRICES. HUGE BUREAUCRACY, LACKS ACCOUNTABILITY. No requirement they produce results. DENIES REVENUES to SCHOOLS. We need alternative energy, but Proposition 87 is not the way to get there. CA Taxpayers’ Association, small business, labor, schools, police, firefighters, farmers, Auto Club say: Vote NO. |
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FOR ADDITIONAL INFORMATION |
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| FOR Yes on 87 Californians for Clean Energy 6399 Wilshire Blvd., Suite 1010 Los Angeles, CA 90048 (323) 782-1045 info@yeson87.com www.yeson87.com |
AGAINST Californians Against Higher Taxes—No on 87, a coalition of taxpayers, educators, schools, public safety officials, businesses, labor, energy producers, agriculture, and seniors. 111 Anza Blvd., Suite 406 Burlingame, CA 94010 (650) 340-0262 info@NoOilTax.com www.NoOilTax.com |
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