By Justin Bochmann, Central Regional Compliance Manager. -
In 2017, California Senate Bill 1 (SB1) was signed into law by Governor Jerry Brown. Also known as the, “Road Repair and Accountability Act”, the bill will raise approximately $52.4 billion over a 10-year period to invest in desperately needed transportation infrastructure repairs. The passage of this bill was a huge win for the construction industry, and Californians in general. Since California has not had a gas tax increase in nearly 25 years, billions of dollars in backlogged repairs have accumulated causing California’s roads and bridges to quite literally fall apart because of it. The funding generated from SB1 will ensure we have safe roads and bridges to drive on and provide thousands of good paying jobs to boot. Many California communities are already seeing these dollars put to work in their area, and the growing workforce needed to accomplish this task.
With over 26 million licensed drivers in California, nearly double the next closest state, our roads see more action than anywhere else in the country. In turn, they deteriorate at a faster rate than most. It is estimated that the average driver will spend more than $700 per year on vehicle repairs caused by bad roads and bridges. Neglecting transportation infrastructure also brings forth other safety concerns such as heavy congestion in almost every part of the state. Not only do these nuisances effect each and every one of us, California’s economy as a whole is negatively affected.
The Ripple Effect is a term used in Economics to describe how one action has a spreading effect and influences other areas around it. Sometimes the effects are good and intended, while at other times they are unexpected and unintended. When it comes to keeping SB1, California’s economy will experience the ripple effect in a very positive way. More jobs, safer roads, higher sales and output by businesses, etc. If the repeal effort for SB1 is successful, a ripple effect will still be present but in the opposite direction. Not only will this jeopardize public safety and grow the traffic congestion problem, an estimated 680,000 jobs and more than $182 billion in economic growth will be lost over 10 years if SB1 is repealed. This one change could single handedly effect the entire state’s economy, including many other areas beyond construction. It would be detrimental for the growth of California going forward.
In order to prevent all of the negatives listed above, Californians must show up to vote in June’s Primary election and November’s General election. In June, Proposition 69 will lock in revenue brought in by SB1 and require that it is spent on transportation purposes and not diverted elsewhere. This is vital to the construction industry and important to the fight against the repeal effort expected to be present on the November ballot.
Be sure to vote Yes on 69 in June and Oppose the repeal of SB1 on the November ballot.
More info: https://fixcaroads.com/