California Online Voter Guide
November 2006 General Election
14th Edition
Proposition 87: Alternative Energy. Research, Production, Incentives. Tax on California Oil. Initiative Constitutional Amendment and Statute. Failed
Summary
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Establishes $4 billion program with goal to reduce petroleum consumption by 25%, with research and production incentives for alternative energy, alternative energy vehicles, energy efficient technologies, and for education and training.
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Funded by tax of 1.5% to 6% (depending on oil price per barrel) on producers of oil extracted in California.
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Prohibits producers from passing tax to consumers.
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Program administered by new California Energy Alternatives Program Authority.
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Prohibits changing tax while indebtedness remains.
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Revenue excluded from appropriation limits and minimum education funding (Proposition 98) calculations
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Fiscal Impact: New state revenues—depending on the interpretation of the measure—from about $225 million to $485 million annually from the imposition of a severance tax on oil production, to be used to fund $4 billion in new alternative energy programs over time. Potential reductions of state revenues from oil production on state lands of up to $15 million annually; reductions of state corporate taxes paid by oil producers of up to $10 million annually; local property tax reductions of a few million dollars annually; and potential reductions in fuel-related excise and sales taxes. Full Text of Proposition (PDF)
Official Campaign Web Sites and Contact Information
- Yes
on Proposition 87
Californians for Clean Energy
P.O. Box 67205, Los Angeles, CA 90067
(323) 782-1045 or info@yeson87.com -
No on Proposition 87
Californians Against Higher Taxes: NO on the Oil Tax Initiative 2006
11300 West Olympic Blvd. #840, Los Angeles, CA 90064
(310) 996-2676 or Info@NoOilTax.com
Who Signed the Ballot Arguments
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Yes on Proposition 87
Laura Keegan Boudreau, CEO, American Lung Association of California
Winston Hickox, Former Secretary, California Environmental Protection Agency
Jamie Court, President, Foundation for Taxpayers and Consumer Rights
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No on Proposition 87
Larry McCarthy, President, California Taxpayers' Association
Daniel Cunningham, President, California Small Business Alliance
Marian Bergeson, Past President, California School Boards Association
Follow the Money
Detailed information about all contributors for and against Prop. 87 is available from campaign finance reports at Cal-Access, the Secretary of State's campaign disclosure web site. To view the most recent contributions, select a committee and click "Late and $5000+ Contributions Received".
News Stories about the Propositions
CVF's News Stories section provides California voters with convenient access to a sampling of news articles that give an overview of the potential impact of each proposition on the ballot.
For More Information, CVF Recommends...
The California Secretary of State publishes the Official Voter Information Guide which features detailed information on Proposition 87, including the Legislative Analyst's nonpartisan analysis and official pro/con arguments from proponents and opponents.
Other good nonpartisan resources include: the League of Women Voters of California's Pros and Cons and In Depth Nonpartisan Analysis; the California Budget Project's Nonpartisan Analysis; the Easy Voter Guide; and Around the Capitol's Election Track, featuring up-to-date campaign contribution data.
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This page was first published on September
12, 2006 |
Last updated on
June 21, 2007
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