A measure on the November ballot, Proposition 39, will provide funding for clean energy, sustainability and energy efficiency projects across California.
By closing a corporate tax loophole that was quietly slipped into the state budget in 2009, Prop 39 will generate $1 billion per year in badly-needed revenue for California. That’s why the state’s two largest newspapers, the Los Angeles Times and San Jose Mercury News, as well as the Sacramento Bee, have all come out strongly in favor of Proposition 39, urging voters to keep businesses in California and correct this “absurd” loophole.
For the first five years, Proposition 39 specifically puts half of every new dollar brought in from closing this loophole right into energy efficiency projects. Schools and public buildings will be retrofitted, existing energy efficiency projects will get financial and technical support, and programs to train Californians for jobs in the energy sector will get a boost. To learn more about specific projects this measure will help fund, visit the Get the Facts section of the campaign’s site, www.YesonProp39.com.
A broad host of environmental, health and clean energy groups support the measure – including the California Environmental Justice Alliance, the American Lung Association in California, Natural Resources Defense Council & Clean Tech Los Angeles.