• Requires that revenues generated by a 2017 transportation funding law, through a certain vehicle license fee and diesel sales tax, be used only for transportation purposes, including public transportation. Generally prohibits the Legislature from diverting those funds to other purposes.
• Prohibits revenue from new vehicle license fees from being used to repay general obligation bond debt.
• Exempts new revenues from state and local spending limits.

SUMMARY OF LEGISLATIVE ANALYST'S ESTIMATE OF NET STATE AND LOCAL GOVERNMENT FISCAL IMPACT:

• No direct effect on the amount of state and local revenues or costs, as the measure does not change existing tax and fee rates.
• The measure could affect how some monies are spent by ensuring that revenues from recently enacted taxes and fees continue to be spent on transportation purposes.
• The measure would put the state a little further below its constitutional spending limit.

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FINAL VOTES CAST BY THE LEGISLATURE ON ACA 5 (PROPOSITION 69)
(RESOLUTION CHAPTER 30, STATUTES OF 2017)

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