Voter Information Guide (VIG)




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PLEASE NOTE: After the printing of the Voter Information Guide was
underway, Proposition 1 was removed from the ballot pursuant to statute.
It will be replaced by Proposition 1A on the ballot. A Supplemental Voter Information Guide was printed to provide voters with the text, analyses, arguments, and other information about the measure required by law.

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Title and Summary Analysis Arguments and Rebuttals Text of Proposed Law

PROP
1

 HIGH SPEED RAIL BONDS.
LEGISLATIVE INITIATIVE AMENDMENT.
OFFICIAL TITLE AND SUMMARY                    PREPARED BY THE ATTORNEY GENERAL

HIGH SPEED RAIL BONDS. LEGISLATIVE INITIATIVE AMENDMENT.

  • Provides $9 billion for building a new high-speed railroad between San Francisco and Los Angeles.
  • Funds rail expansion to other locations if money becomes available.
  • Provides $950 million for connections to the high-speed railroad and for repairing, modernizing and improving passenger rail service, including tracks, signals, structures, facilities and rolling stock.
  • Total funding provided is $9.95 billion from general obligation bonds.

Summary of Legislative Analyst's Estimate of Net State and Local Government Fiscal Impact:

  • State costs of about $19.4 billion over 30 years to pay off both principal ($9.95 billion) and interest ($9.5 billion) costs of the bonds. Payments of about $647 million per year.
  • Additional unknown costs, probably in excess of $1 billion a year, to operate and maintain a high-speed rail system. The costs would be at least partially offset by passenger fare revenues, depending on ridership.

FINAL VOTES CAST BY THE LEGISLATURE ON SB 1856 (PROPOSITION 1)

  Senate:   Ayes 27   Noes 6
Assembly:   Ayes 59   Noes 16



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