In an effort to advance a new transportation funding proposal, State Senator Jim Beall (D-San Jose) and Assembly Member Jim Frazier (D-Oakley) formally unveiled a transportation funding proposal to provide approximately $7.4 billion in new transportation funding.  As part of the proposal, cities and counties would enjoy roughly $2.5 billion to invest in local streets and roads projects, and an additional $534 would be available to support regional transportation priorities. 

These new transportation revenues would be funded through increases in gas and diesel taxes, and new fees associated with vehicle registrations, among others.  Senator Jim Beall amended this proposal into his Senate Bill 1X 1 and Assembly Member Frazier introduced Assembly Bill 1X 26 in the Special Session on Transportation that was called for as part of the Governor’s 2015-16 State Budget.