Analysis of the Budget Bill (Major Analyses)

Assembly Constitutional Amendment 11

February 19, 2003

 


Assembly Constitutional Amendment 11, which will appear on the March 2004 statewide ballot, would establish the California Twenty-First Century Infrastructure Investment Fund, a dedicated financing source for state and local infrastructure projects. We provide background on state capital outlay planning and funding, explain how the measure works, and describe the measure's potential fiscal impact. (Reprint.)