Senate Bill 1 (SB1), passed in April 2017, makes a historic $54B investment over 10 years in California’s transportation infrastructure. This funding will address the $200B-plus backlog of maintenance on bridges and highways, local roads, and public transit.
SB1 spending will support or create over 68,000 jobs annually – or 682,000 jobs over the next 10 years, with a quarter of these jobs being middle-class supporting, construction work. SB1 funds will also repair, resurface, and reconstruct thousands of lane miles, hundreds of bridges, and provide increased access to public transit.
Realizing that the benefits of SB1 extend far beyond job creation and investing in our state’s roads, bridges, and public transit, the California Alliance for Jobs and other transportation partners commissioned an economic impact report by the American Road and 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 an ongoing bid to repeal the funding succeeds.
In their research, ARTBA found that:
- SB1 will support nearly $183B in increased economic activity and benefits for California residents and businesses over the next 10 years
- The average annual savings to California households due to direct SB1 related user benefits is nearly $300. These savings are accrued through less time spent in traffic and vehicle maintenance costs decreasing with the improvement of road conditions
- 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 $818M 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 $58M 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
The 62-page study can be read below.The Economic Impact of Senate Bill 1 on California