California Proposition 192 (1996)
From Ballotpedia
Contents |
California Proposition 192, also known as the Seismic Retrofit Bond Act of 1996 was on the March 26, 1996 primary election ballot in California as a legislatively-referred state statute, where it was approved.
Proposition 192 authorized $2 billion for seismic retrofitting, including $650 million for seismic retrofitting of toll bridges. It amended Division 1 of Title 2 of the California Government Code.
The California State Legislature's act authorizing that Proposition 192 appear on the March 1996 ballot mandated that if it had failed on the March 1996 ballot, it would appear on the November 1996 ballot.
Two years earlier, Californians had defeated a similar measure, California Proposition 1A (1994).
Election results
| California Proposition 192 (1996) | ||||
|---|---|---|---|---|
| Percentage | ||||
 Yes
| 59.9% | |||
| No | 40.1% | |||
| Total votes | 100% | |||
Ballot language
The language that appeared on the ballot:
- This act provides for a bond issue of two billion dollars ($2,000,000,000) to provide funds for a seismic retrofit program.
- Earmarks $650 million for seismic retrofitting of toll bridges
- Appropriates money from the state General Fund to pay off bonds.
- Requires measures to reappear on November 1996 ballot if rejected in March 1996.
The California Legislative Analyst's Office provided an estimate of net state and local government fiscal impact for Proposition 192. That estimate was:
- General Fund cost of about $3.4 billion to pay off both the principal ($2 billion) and interest ($1.4 billion) on the bonds.
- The average payment for the principal and interest over 25 years would be about $138 million per year.
Path to the ballot
Proposition 192 was voted onto the ballot by the California State Legislature via Senate Bill 146 (Statutes of 1995, Chapter 310).
- The vote to put it on the ballot in the California State Assembly was 59 affirmative votes and 12 negative votes.
- The vote in the California State Senate was 29 "yes" and 4 "no."
Campaign donations
Single committees
According to the campaign finance reporting system sponsored by the California Secretary of State, campaign committees that exclusively focused on Proposition 192 spent $29,647 supporting it and $42,735 was spent opposing it.[1]
Multiple supporters
- A group called "Taxpayers Against Frivolous Lawsuits" spent $38.2 million cumulatively in a campaign to support Prop 192, Prop 200, Prop 201, Prop 202, Prop 203 and Prop 204.[2]
- The group called "California Business PAC" spent about $1.8 million cumulatively in a campaign to support Prop 192, Prop 200, Prop 201, Prop 202, Prop 203 and Prop 204. From the same pool of money ($1.8 million) this group also opposed propositions 207, 208, 210, 211, 212, 214, 216 and 217.[3]
See also
External links
- Official Voter Guide to Proposition 192
- Full text of Proposition 192
- March 1996 California elections results (PDF)
References
- ↑ Summary of campaign expenditures for Proposition 192
- ↑ Campaign finance report for "Taxpayers Against Frivolous Lawsuits"
- ↑ Campaign finance report for "California Business PAC"
