Support Oil Severance Tax to Raise Revenue for General Fund and Higher Education

Resolution 11-11.27L

WHEREAS, despite continued good faith efforts on the part of elected Democratic leaders to work across the aisle to shrink the state's budget deficit, California continues to face a budget shortfall with the possibility of additional service cuts to public safety, as well as the elderly, blind and disabled, on the horizon, and

 

WHEREAS, California's higher education system, once the gold standard for public universities and colleges, is now straining to maintain academic excellence and commitment to California's students following years of diminishing financial resources resulting in decreased enrollment, increased student fees, fewer classes, and increased faculty layoffs resulting in student protests throughout the state, and

 

WHEREAS, California is the only oil-producing state in the union that does not levy a tax on the extraction of oil and natural gas; even the state of Texas levies this tax; if levied in California, it would provide over $1 billion annually,

 

THEREFORE BE IT RESOLVED, that the California Democratic Party believes the state should levy an extraction tax on oil and natural gas and that two-thirds of the revenue raised as a result of the oil severance tax be directed to California's general fund with the remaining one-third directed to funding higher education, and

 

BE IT FURTHER RESOLVED, that copies of this resolution be sent to all Democratic statewide elected officials, members of Congress and of the state legislature.

 

Author: Chairman John Burton

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Adopted by the California Democratic Party
At its November 2011 Executive Board Meeting
Crowne Plaza Hotel, Burlingame
November 20, 2011

 

 

 

 

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