(The Center Square) – A new report published by Greenline Insights , along with proponents of the Climate Commitment Act, claims that if Initiative 2117 is approved by voters and repeals the law, it would deprive the state of state revenue by $3.9 billion through 2029.
If that happened, the study warned it would “eliminate investments into public transit, pedestrian safety, ferry electrification, air quality, renewable energy, grid modernization, ecosystem resilience, forest health and fire prevention, salmon habitats, and more.”
According to a press release statement citing the study’s conclusions, the No 2117 campaign argued the initiative “would cut billions in investments in transportation – slashing transit and putting road and bridge projects at risk.”
The transportation projects funded through the CCA include efforts to electrify the state’s ferry fleet, the largest of any state in the country, in addition to electrifying the state’s transportation sector. Roughly 84% of all funding for zero emission vehicle investments come from the CCA, while more than $100 million of planned spending has been put on hold pending the November election outcome.