Requires specified percentages of General Fund revenues to be set-aside for acquisition, construction, rehabilitation, modernization, or renovation of infrastructure.
Expenditures must be divided equally between state projects and local projects, other than school and community college district projects, including local street, transportation, water, park, and open space projects.
Proposition 98 school funding guarantee is unchanged. Amount of first set-aside scheduled for 2006-07 is 1%; they increase 0.3% annually to 3% and then remain fixed. Set-asides are subject to increase, decrease, or suspension with revenue increases and decreases.
Source for Popular Vote data: California Secretary of State. Statement of Vote 2003 Special Recall Election October 7, 2003, California Secretary of State (http://www.ss.ca.gov/elections/sov/2003_special/ssov/prop_sum.pdf) (accessed 24 Feb 2007)