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HomeMy WebLinkAbout14 - Infrastructure FundingDecember 13, 1999 CITY COUNCIL AGENDA ITEM NO. 14 TO: Mayor and Members of the City Council FROM: Public Works Department SUBJECT: SUMMARY OF PROPOSED LEGISLATION REGARDING INFRASTRUCTURE FUNDING RECOMMENDATION: Receive and file. DISCUSSION: At the Council meeting of November 22, 1999, Council Member Tod W. Ridgeway requested further information regarding the Assembly Constitutional Amendment No. 24 (ACA 24), also known as the 20/20 Vision Plan endorsed by Assembly Republican Leader, Scott R. Baugh. Staff has reviewed ACA 24, Senate Constitutional Amendment No. 3 (SCA 3), endorsed by Senate Democratic President pro Tern, John Burton, and Assembly Bill 521 (AB 521), endorsed by Assembly Republican representative, Tom McClintock. A summary of each is provided. ACA 24 — 20/20 Vision Plan This measure would create an Infrastructure Fund and transfer a specified percentage of revenues from the General Fund to the Infrastructure Fund from FY2000 -01 through FY2019 -20. The percentage of funds transferred is initially 1% and slowly ramps up to a maximum of 5% over 20 years. The measure provides for local control of the funds. Three - fourths of the revenue will be available to cities and counties for their highest priority capital outlay concerns related to corrections, education, parks, transportation, water, or other natural resources. Establishing the Infrastructure Fund and slowly increasing the amount of the General Fund committed to capital outlays could be expected to raise over $75 billion during the next 20 years. The annual growth of the Infrastructure Fund will be limited to no more than 25% percent of the annual General Fund growth, protecting education, childcare, and other services during times of economic recession. A county by county comparison published by Scoff Baugh's office indicates that based on population and assuming average budget growth, Orange County would receive SUBJECT: SUMMARY OF PROPOSED LEGISLATION REGARDING INFRASTRUCTURE FUNDING December 13, 1999 Page 2 $10.2 billion dollars over the 20 -year period. ACA 24 provides funds for all • infrastructure. SCA 3 This measure would impose or authorize an extension of a 0.5% sales tax dedicated for the funding of transportation purposes within the county for a period of 20 years. Eighteen counties in California, including Orange County, have passed local transportation sales tax measures for highway and public transit needs that are expiring. SCA 3 contains a requirement that local governments "opt in" by adopting and submitting to county voters, for their approval, an expenditure plan for how SCA 3 revenues will be spent. The 0.5% sales tax will not be imposed in a county that does not adopt and receive voter approval for its expenditure plan on or before SCA 3 appears on the state -wide ballot. This measure proposes flexibility in the use of the revenues for transportation purposes and is not limited to capital outlay expenditures. SCA 3 is a state -wide measure and will require a majority vote for approval. A local sales tax measure would require a two - thirds vote for approval. It is estimated that SCA 3 will generate between $40 to $60 billion throughout California. Revenues will be generated at the local level and will be returned to meet local transportation needs. This measure will have no impact on California's General Fund. SCA 3 provides funds for transportation infrastructure. AB 521 This Bill would divert revenue from sales and use taxes that are currently imposed on gasoline from the General Fund and dedicates that revenue for the maintenance and construction of highways. Cities and counties would receive an increase in revenues apportioned from the excise tax on fuel above 9¢ per gallon. This would increase from the current rate of 11.5% to 23% of that amount above 90. The current excise tax is 18¢ per gallon. The author of this measure indicates that the purpose of this bill is to guarantee that "highway taxes are used strictly and solely for highways'. It is estimated that AB 521 would divert $784 million per year from the State's General Fund and direct those revenues to transportation needs. Conclusion During the 1960's, the state routinely committed 7 to 10 times more of the General Fund to capital outlays than today. Although these pieces of legislation contain major differences and methodologies, their common goal is to provide funding for infrastructure improvements. There is bipartisan agreement that current funding is SUBJECT: SUMMARY OF PROPOSED LEGISLATION REGARDING INFRASTRUCTURE FUNDING December 13. 1999 Page 3 inadequate to meet the present needs, much less the increased needs being created by California's growth. There is also agreement that adequate transportation infrastructure and services are critical to sustaining California's prosperity and quality of life. Attached are talking papers that have been prepared by the supporters of ACA 24 and SCA 3. Respectfully Nbmitt , PUBLIC WORKS DEPARTMENT Don Webb, Director By: ,41y j/W>-,-) Lois Thompson Public Works Administrative Coordinator F-1 L_J Attachments f:\ userslpbMsharedlcounci11fy99 -001december- 13%aca 24.doc SACRAMENTO OFFICE STATE CAPITOL P.O. BOX 942849 SACRAMENTO. CA 94249 -0067 (976) 319 -2067 FAX (916) 3192167 November 15. 1999 (�ssembly Uifuruiu �!PgisluturP fur SCOTT R. BAUGH ASSEMBLY REPUBLICAN LEADER "IYre Honorable Dennis D. O'Neil Newport Beach City Council Member PO Box 1768 Newport Beach CA 92658 -8915 Dear Mr. O'Neil DISTRICT OFFICE 16052 BEACH BLVD., SUITE 160 HUNTINGTON BEACH, CA 92647 (714) 843 -4966 FAX (714) 843 -6375 • Date Copies Sent To: Mayor �Puncit Member manager ❑ Attorney El ❑ — Next year. the California Legislature will consider a proposal to dedicate needed infrastructureuBing for your city. Our proposal. ACA 24 also known as the 20/20 Vision Plan, addresses the state's infrastructure needs until the year 2020, without raising state or local taxes and ensuring that your city has the ability to use this money to meet its local needs. For your information, here are some of the highlights of the proposal: The 20/20 Vision Plan: • Invests out of the rowth in the state budget on an ongoing basis through the year 2020. Based on the average economic growth of the past 20 years, the plan will produce $125 billion. ♦ Establishes the "California 21st Century Infrastructure Fund." to pay for priority capital outlay projects related to corrections, education, parks, transportation, water, or other natural resources. ♦ Ensures local control. Three- fourths of the revenue will be controlled by local government agencies on their highest priority capital outlay concerns. • Increases our investment in education. Protects all Proposition 98 education funding and adds funding for new schools. ♦ Protects other state programs during an economic slowdown or recession. Limits annual growth in the infrastructure fund to no more than 1/4 of the annual growth in the General Fund. Freezes the level of infrastructure investment during recessions. ♦ Does not increase taxes or fees. Enclosed, please find the details of the 20/20 Vision, including a county by county comparison that illustrates the amount of funding each county would receive under the plan. I look forward to your comments and endorsement. If you have any questions or would like further information, please call Joel Szabat at (916) 319 -3900 or email your comments to repo @assemblv.ca.gov. Sincerely, *�6 SCOTT BAUGH Assembly Republican Leader 151 o �Y 1i ry) Enclosures SERVING THE COMMUNITIES OF HUNTINGTON BEACH, CYPRESS, SEAL BEACH, LOS ALAMITOS, LA PALMA, ROSSMOOn, FOUNTAIN VALLEY 7 Pdnted on Recycled Paper Itt .._ .J • 20/20 VISION PLAN "A Plan for Alain Street, not Wall Street " Summary Background ♦ By the year 2020, California will require well over $100 billion for infrastructure needs. Specifically, California's communities will need to repair roads, decongest freeways, construct schools, and protect the water supply. ♦ The Infrastructure Commission (Governor's Office) proposes $5 billion in bonds and two tax increases. ♦ Current legislation (SCA 1 and SCA 3) eliminates the 2/3 vote threshold for tax increases. The 20/20 Vision Pave Main Street, not Wall Street ♦ By earmarking a small percentage of expected economic growth from the General Fund, the 20/20 Vision produces more money in the long run — between $75 and 125 billion. ♦ Because bonds are the most expensive way to fund projects, 20/20 Vision is more fiscally responsible than SCA 1 and SCA 3. ♦ The money that would be used to pay the interest on the bonds could be used for more infrastructure, paving main street, not Wall Street. asier Voter Approval ♦ Unlike tax proposals such as SCA I and SCA 3, 20/20 Vision does not raise taxes and is more likely to be approved by the voters. ♦ The 20/20 Vision will raise more money for your infrastructure needs than SCA I and SCA 3 combined. Protection of Proposition 13 ♦ On numerous occasions, voters have expressed their overwhelming support for the 2/3 vote required to raise their taxes. (Propositions 13, 62, 218) ♦ Any attempt to lower the 2/3 threshold is an attempt to undermine the will of the voters and compromise their protection against over taxation. Protect Education ♦ 20/20 Vision adjusts to economic conditions so other programs are not sacrificed. ♦ Since the repayment of bonds is the first priority of the state budget, during an economic downturn, money could be taken from other programs such as education in order to pay off the debt. Flexibility for Local Communities ♦ The 20/20 Vision gives local governments the flexibility to use funds to best fulfill their individual needs. ♦ Local government agencies will control 75 percent of funds, while the state will only spend 25 percent. This distribution allows local communities to fix the streets, schools, and parks that are most • important to them. California State Legislature ACA 24 (Baugh) 20/20 Vision for California's Future 6P� OF i 5 ivasr� •hF C �A i � O r C'a II FOFtt4' Since the mid -1970s the state government of California has neglected its basic infrastructure — schools, roads, parks, water and sewer systems are all overloaded, underfunded, and crumbling. Our most important priority must be to reverse the decades of neglect, and to rebuild a California that our children can be proud to live in. Just as it has taken decades of neglect to cause this problem, we must have a long -term vision to correct the problem. ACA 24 will re- invest in our future. The "20/20 Vision" ramps up investment out of the growth in the state budget until the year 2020. Eventually, 5% of our budget will be earmarked for school facilities, roads, parks and resource infrastructure, without raising taxes. The "20/20 Vision" Infrastructure Investment Plan Summary Average Annual Total 20 -Year State Budget Infrastructure Growth Rate Investment 3% (Slow growth) $75 billion 7% (20 -year average) $125 billion The "20/20 Vision" is the best approach to meeting California's infrastructure needs. Based on reports by the California Business Roundtable, the Department of Finance, and the Legislative Analyst, California certainly requires well over $100 billion of necessary infrastructure investments during the next 20 years. Making our future generations' needs a state budget priority is the only practical way to reach this target. 11/01/99 2020Vision page 1 oft Hi1=_hliehts of the "20/20 Vision" ♦ Establishes the "California 21" Century Infrastructure Fund," to pay for capital outlay expenses related to corrections, education, parks, transportation, water, or other natural resources. ♦ Unlike proposals such as SCA 1 and SCA 3, 20/20 Vision does not raise taxes and is more likely to be approved by the voters. ♦ Local control: three - fourths of the revenue will be spent by cities and counties on their highest priority capital outlay concerns. ♦ Slowly ramps up to 5% the percentage of each year's General Fund appropriated to the Infrastructure Fund. ♦ Increases our investment in education. Protects all Proposition 98 education funding; provides new funding for education infrastructure. ♦ Includes "Highway Taxes for Highways ": Shifts the state's sales tax revenues on gasoline to the State Highway Account. Increases the share of gas tax revenues going to cities and counties for local road repairs. ♦ Protects other state programs during an economic slowdown or recession. Limits annual growth in the Infrastructure Fund to no more than 1/4 of the annual growth in the General Fund. Freezes the level of infrastructure investment during recessions. ♦ By eliminating the cost of repaying bonds, more money is put to work in schools and on roads. 20/20 Vision is better than the alternatives: The Governor's Infrastructure Commission recommended only $5 billion in new bonds, and reducing the vote threshold from 2 /3rds to majority vote to raise local property and sales taxes. Pave Main Street. not Wall Street: Bonds are the most expensive way to pay for infrastructure improvements. For every dollar we raise to pave our streets, we pay Wall Street an extra 50 cents. During economic slowdowns, bond repayments squeeze out funding for education and other programs. Listen to the voters: While the state government walked away from our infrastructure responsibilities in the 1970s, local governments had to pick up the slack. But we should not, and need not, force local governments to continue to impose taxes to pay for the state's responsibility. The voters of California have consistently opposed efforts to reduce the 2 /3rds vote level. We have the responsibility to identify the means to pay to rebuild California, while respecting the wishes of the voters. 11/01/99 page 2 of 2 2020V ision CountyNew202O Joel Szabat Benefits of ACA 24 (Baugh) the '20/20 Vision" by County 20 -year period at average budget growth all figures in $ millions Population 20/20 Vision SCA3 per 1999 Local Local Share County County DoFinance DoF Share for of State Local Benefit Tax COUNTY in 000 POP % Infrast're Portion Total (-Interest) Increase Alameda 1433 4.2% $3,979 $1,326 $5,305 $1,984 $3,036 Alpine 1 0.0% $3 $1 $4 $3 $5 Amador 34 0.1% $94 $31 $126 $29 $45 Butte 202 0.6% $561 $187 $748 $173 $264 Calaveras 38 0.1% $106 $35 $141 $20 $31 Colusa 19 0.1% $53 $18 $70 $19 $29 Contra Costa 916 2.7% $2,543 $848 $3,391 $999 $1,528 Del Norte 28 0.1% $78 $26 $104 $16 $24 El Dorado 151 0.4% $419 $140 $559 $107 $163 Fresno 794 2.4% $2,204 $735 $2,939 $720 $1,102 Glenn 27 0.1% $75 $25 $100 $20 $30 Humboldt 128 0.4% $355 $118 $474 $115 $176 Imperial 143 0.4% $397 $132 $529 $114 $175 Inyo 18 0.1% $50 $17 $67 $23 $35 Kern 648 1.9% $1,799 $600 $2,399 $592 $906 Kings 128 0.4% $355 $118 $474 $75 $114 Lake 55 0.2% $153 $51 $204 $34 $52 Lassen 34 0.1% $94 $31 $126 $20 $30 Los Angeles 9758 28.9% $27,092 $9,031 $36,123 $0 $0 Madera 116 0.3% $322 $107 $429 $77 $118 Marin 248 0.7% $689 $230 $918 $335 $512 Mariposa 16 0.0% $44 $15 $59 $12 $19 Mendocino 87 0.3% $242 $81 $322 $84 $128 Merced 207 0.6% $575 $192 $766 $143 $219 Modoc 10 0.0% $28 $9 $37 $6 $9 Mono 11 0.0% $31 $10 $41 $16 $24 Monterey 391 1.2% $1,086 $362 $1,447 $388 $594 Napa 125 0.4% $347 $116 $463 $144 $220 Nevada 90 0.3% $250 $83 $333 $80 $122 Orange 2776 8.2% $7,707 $2,569 $10,276 $3,759 $5,751 Placer 226 0.7% $627 $209 $837 $336 $514 Plumas 20 0.1% $56 $19 $74 $16 $25 Riverside 1473 4.4% $4,090 $1,363 $5,453 $1,303 $1,993 Sacramento 1178 3.5% $3,271 $1,090 $4,361 $1,343 $2,055 San Benito 48 0.1% $133 $44 $178 $39 $59 San Bernardino 1654 4.9% $4,592 $1;531 $6,123 $1,497 $2,291 San Diego 2853 8.4% $7,921 $2,640 $10,561 $2,975 $4,552 San Francisco 791 2.3% $2,196 $732 $2,928 $1,151 $1,761 San Joaquin 554 1.6% $1,538 $513 $2,051 $512 $783 San Luis Obispo 242 0.7% $672 $224 $896 $231 $354 Page 1 of 2 11/2/99 CountyNew202O Joel Szabat Benefits of ACA 24 (Baugh) the "20/20 Vision" by County 20 -year period at average budget growth all figures in $ millions COUNTY Population per 1999 DoFinance in 000 DoF POP % Local Share for Infrast're 20/20 Vision Local Share of State Portion Local Total SCA3 County Benefit - interest County Tax Increast San Mateo 723 2.1% $2,007 $669 $2,676 $1,153 $1,764 Santa Barbara 403 1.2% $1,119 $373 $1,492 $409 $626 Santa Clara 1715 5.1% $4,761 $1,587 $6,349 $2,871 $4,393 Santa Cruz 253 0.7% $702 $234 $937 $239 $366 Shasta 165 0.5% $458 $153 $611 $167 $256 Sierra 3 0.0% $8 $3 $11 $1 $2 Siskiyou 44 0.1% $122 $41 $163 $34 $52 Solano 390 1.2% $1,083 $361 $1,444 ;346 $529 Sonoma 444 1.3% $1,233 $411 $1,644 $539 $825 Stanislaus 433 1.3% $1,202 $401 $1,603 $425 $651 Sutter 77 0.2% $214 $71 $285 $77 $118 Tenama 56 0.2% $155 $52 $207 $41 $62 Trinity 13 0.0% $36 $12 $48 $6 $9 Tulare 363 1.1% $1,008 $336 $1,344 $282 $431 Tuolumne 53 0.2% $147 $49 $196 $41 $63 entura 742 2.2% $2,060 $687 $2,747 $756 $1,156 olo 159 0.5% $441 $147 $589 $190 $291 Yuba 60 0.2% $167 $56 $222 $33 $51 TOTAL 33767 100.0% $93,750 $31,250 $125,000 $27,120 $41,49: Local share for Infrastructure is determined by the per capita distribution formula of ACA 24 (Baugh). These revenues can be used for capital outlays such as school facilities, new roads, transit equipment, and parklands. Local Share of State Portion: allocates the State's controlled share (25 %) on a per capita basis to each county. County and City Total is the total amount of revenue generated over 20 years for each county. Annual Infrastructure Revenues show the annual revenues generated for each county in 2009 (the first year 5 %< of the General Fund is earmarked for infrastructure) and 2020, when annual investment reaches its peak. 1 Page 2 of 2 11/2/99 cn U L� 0 • G� C ,O e� w � a � O as � a � w � C/a � Q ,O x a� v .p.4 0 A b�A qp ,P.4 W e� � t � a GC 0 C a� � 3 ,P •o 0 164 . 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