Proposition 70 - Requires Legislative Supermajority Vote Approving Use of Cap-and-Trade Reserve Fund. - OPPOSE

This measure would add a requirement that two thirds of legislators approve the first appropriation of any money collected from the sale by California Air Resources Board of Cap-and-Trade allowances after 2024. At a time that we need efficient and effective investments in climate change solutions, this requirement could lead to deadlocks, inefficiency, and poor decisions.