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Requires Legislative Supermajority Vote Approving Use Of Cap-And-Trade Reserve Fund | |||||||||||||
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Proposition 70, also known as Prop 70, was aCalifornia ballot proposition and proposed state constitution amendment intended to make it a requirement, starting in 2024, for revenue generated fromcap and trade programs to be gathered in a special fund. After the money had been collected, thestate legislature would have to have a two-thirds majority vote to spend the funds. Opponents of the proposition argued that it will embolden anti-environment special interest groups since the two-thirds majority requirement would lead to morelegislative gridlock. Supporters of the proposition argued that it will make sure that the money is spent on important projects and is spent properly.[1] It failed in the June2018 California primary elections.[2] Supporters of the proposed amendment includeJerry Brown,[3] who was governor at the time, theCalifornia Chamber of Commerce[4] and the Rural County Representatives of California.[5] Opponents of the proposed amendment include theCalifornia Democratic Party,Center for Biological Diversity,NextGen America and Fossil Free California.[2]
| Result[2] | Votes | Percentage |
|---|---|---|
| Yes | 2,229,468 | 37.31 |
| No | 3,746,434 | 62.69 |
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