SAN JOSE, CA – Yes on Props. 1 and 2 and No on Prop. 6 Bay Area campaign team is available to comment on the results of the campaigns. Please find below our media contacts. Carl Guardino, President and CEO of the Silicon Valley Leadership Group, will also be available in the San Jose area or by phone for interviews on the evening of Tuesday, November 6 from 7:30 pm to 10:00 pm.
Pam Kelly, Communications Manager, Silicon Valley Leadership Group, cell (408) 483-2410, [email protected]
Kimberly Ellis, SVP of Communications and Marketing, Silicon Valley Leadership Group, cell (925) 719-5327, [email protected]
Address available upon direct call for more information
ABOUT PROP 1 AND 2
Prop. 1, the Veterans and Affordable Housing Act would authorize the state to issue $4 billion in general obligation bonds to build and provide affordable housing for veterans, working families, people with disabilities, and seniors.
A YES vote supports this measure to authorize $4 billion in general obligation bonds for housing-related programs, loans, grants, and projects for veterans, working families, people with disabilities and seniors.
Prop. 2 provides vital housing funds for the mentally ill. The measure would authorize the state to use existing funds, raised from 2004’s Proposition 63, on $2 billion in revenue bonds to invest in supportive housing linked to intensive services for people with serious mental illness who are homeless or at risk of becoming homeless.
A YES vote supports authorizing the state to leverage existing funds, raised from 2004’s Proposition 63 (a 1 percent tax on income above $1 million for mental health services), on $2 billion in revenue bonds for homelessness prevention housing for persons in need of mental health services.
ABOUT NO ON PROP. 6
Proposition 6 would repeal the recent increase in the gas tax and other fuel and car fees and require voter approval for all transportation-related tax increases in the future. Taxes to be rolled back include a 12 cent hike in the gasoline excise tax, a four percent increase in the diesel sales tax, as well as a new annual vehicle fee based on the value of the car or truck.
A NO vote would allow these taxes and fees to stand, which are expected to raise roughly $5.4 billion annually over the next decade with half going to the state to improve highways, bridges and culverts and half going to cities, counties and transit agencies for local street and road repairs, and improving public transit options.