ARTBA - SB1 Economic Study
SB 1 by Senator Beall, the Road Repair and Accountability Act of 2017 will raise $52.4 billion over the next 10 years to fix our roads, add capacity to our transportation system, improve our local transit systems, and help move goods to market. SB1 will help address the crisis of California’s badly deteriorating streets, roads, highways, and bridges, as well as funding to help expand public transportation and improve mobility in key congested travel corridors around the state. Also included are transportation reform measures such as increased oversight and accountability for Caltrans.
As a member of the Fix Our Roads Coalition, Transportation California has been at the forefront of working with the Administration and the Legislature for more than the last two years to address the growing challenge of meeting the transportation needs of Californians. As our state continues to grow and the stress on our transportation system has grown increasingly acute, vital maintenance and repair of the system, as well as capacity improvements have fallen far behind what is needed. The backlog of maintenance and repair alone for our state and local streets and highways is estimated to be $130 billion.
On average, Californians spend $762 a year on vehicle repairs related to damage caused by the roads. SB 1 will be funded primarily through an increase in the gas tax, which has not been raised since 1993, and a new transportation improvement fee which for 60% of Californians will cost $25 per year. The cost for the average person will be about 50 cents per day, meaning that SB 1 will save an average of $550 per year per person.
“We know it is never easy to vote to raise taxes, so we heartily thank the members of the Legislature who cast their votes in favor of SB 1,” said Dickinson, “Their action will save Californians both money and aggravation for years to come.”