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California Proposition 192, Seismic Retrofit Program Bond Measure (March 1996)

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California Proposition 192
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Election date
March 26, 1996
Topic
Bond issues
Status
Approveda Approved
Type
Bond issue		Origin
State Legislature

California Proposition 192 was on the ballot as a bond issue in California on March 26, 1996. It was approved.

A "yes" vote supported authorizing the state to issue $2 billion in bonds for infrastructure construction and renovation to meet seismic safety standards.

A "no" vote opposed authorizing the state to issue $2 billion in bonds for infrastructure construction and renovation to meet seismic safety standards.


Two years earlier, Californians had defeated a similar measure, Proposition 1A (1994).

Election results

California Proposition 192

Result Votes Percentage

Approved Yes

3,347,257 59.92%
No 2,239,191 40.08%
Results are officially certified.
Source

Text of measure

Ballot title

The ballot title for Proposition 192 was as follows:

“

Seismic Retrofit Bond Act of 1996.

”

Ballot summary

The ballot summary for this measure was:

“
  • This act provides for a bond issue of two billion dollars ($2,000,000,000) to provide funds for a seismic retrofit program.
  • Earmarks $650 million for seismic retrofitting of toll bridges.
  • Appropriates money from the state General Fund to pay off bonds.
  • Requires measures to reappear on November 1996 ballot if rejected in March 1996.
”

Full Text

The full text of this measure is available here.


Fiscal impact

The California Legislative Analyst's Office provided the following estimate of net state and local government fiscal impact for Proposition 192:[1]

“
  • General Fund cost of about $3.4 billion to pay off both the principal ($2 billion) and interest ($1.4 billion) on the bonds.
  • The average payment for the principal and interest over 25 years would be about $138 million per year.[2]
 ”


Support

Supporters

  • Kirk West, president of California Chamber of Commerce[1]
  • Richard Andrews, director of State Office of Emergency Services[1]
  • Maurice Hannigan, retired commissioner of California Highway Patrol[1]

Official arguments

The official arguments in support of Proposition 192 can be found here.

Opposition

Opponents

  • Assemblyman Bernie Richter (R)[1]
  • Assemblyman Bruce Thompson (R)[1]
  • Assemblyman George House (R)[1]

Official arguments

The official arguments in opposition to Proposition 192 can be found here.

Path to the ballot

A simple majority vote was needed in each chamber of the California State Legislature to refer the measure to the ballot for voter consideration.

Proposition 192 was voted onto the ballot by the California State Legislature via Senate Bill 146 (Statutes of 1995, Chapter 310).

Votes in legislature to refer to ballot
Chamber Ayes Noes
Assembly 59 12
Senate 29 4

See also

1996 Measures

California

News and analysis


External links

Footnotes

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 University of California, "Voter Guide," accessed May 11, 2021
  2. ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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