Senate Bill 1, the Road Repair and Accountability Act of 2017, makes a historic investment in California’s transportation infrastructure. Realizing that the benefits of SB1 extend far beyond the $5.4 billion annual investment in our state’s roads, bridges, and public transit, the California Alliance for Jobs, California Transit Association, and Transportation California commissioned an economic impact report by the American Road & Transportation Builders Association. ARTBA has published several non-partisan economic impact reports on statewide transportation funding through their first-of-its-kind Transportation Investment Advocacy Center. This program and internet resource center helps educate private citizens, legislators, organizations and businesses on different transportation funding initiatives being introduced and implemented in America.
The findings of this report show the immense value of SB1 and the dangerous economic ramifications that would happen to our state if a bid to repeal the funding succeeds.
In their research, ARTBA found that:
- SB1 will support nearly $183 billion in increased economic activity and benefits for California residents and businesses over the next 10 years
- SB1 will support the repair, repaving and construction of over 84,000 lane miles on nearly 19,000 miles of roadway over the next 10 years
- With improved conditions due to SB1 spending, California drivers will save $818 million in operating costs due to maintenance saved on their vehicles over the next 10 years
- Safer roads as a result of SB1 spending adds up to an average of $58 million per year in additional safety benefits
- Additional investment under SB1 will enable the replacement of an additional 556 state and local bridges in the first five years of the program
To read the full 62-page report, click here.