Silicon Valley Leadership Group Congratulates Governor Brown on Signing SB 797

SAN JOSE, CA – Time for traffic relief, transit operations and road repairs is now and with the swirl of the pen Governor Jerry Brown took a momentous step this afternoon, signing SB 797 (Jerry Hill) into law, to the delight of our 380 member organizations of the Silicon Valley Leadership Group.

“SB 797 is vital to keeping the economic engine of Silicon Valley and the Bay Area rolling well into the future,” said President and CEO Carl Guardino, Silicon Valley Leadership Group and a Brown appointee to the California Transportation Commission.

The Leadership Group sponsored the bill introduced by Senator Hill, Beall, Wieckowski and Weiner which allows voters in the three Caltrain Counties of Santa Clara, San Mateo and San Francisco to hold their own joint election to permanently fund the operations, maintenance and expansion of the widely popular Caltrain commuter rail service through a 1/8 cent sales tax.

In the Silicon Valley Leadership Group’s Annual “Silicon Valley Poll,” completed May 3-9 of this year with 1,200 likely voters, 74 percent said they “Support” a potential measure to greatly increase Caltrain capacity with only 23 percent saying “NO” and 3 percent with “No Opinion.”

The Highway 101 Corridor, in which Caltrain Commuter Rail Service runs, has become one of the most congested corridors in the United States. It’s also an economic engine that helps drive our state’s success. The 50-mile stretch of Caltrain between downtown San Jose and downtown San Francisco is home to the following:

* 1.6 million jobs

* 54 percent of all patents filed from California

* 20 percent of California’s GDP * 13 percent of California’s Sales Tax revenue

Today, the popular Caltrain Commuter Rail Service runs at 125 percent of capacity.

A ballot initiative will now move forward if there is a two-third vote of approval by the Caltrain Joint Powers Board, a majority vote of each of the transit districts in the three “Caltrain Counties” (SFMTA, SMCTD, SCVTA) and a vote of approval from the Boards of Supervisors representing San Francisco, San Mateo and Santa Clara Counties. Finally, any ballot measure must also be approved by two-thirds of the voters in the three Caltrain Counties.

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About Silicon Valley Leadership Group

The Silicon Valley Leadership Group, founded in 1978 by David Packard of Hewlett-Packard, represents more than 400 of Silicon Valley’s most respected employers on issues, programs and campaigns that affect the economic health and quality of life in Silicon Valley including energy, transportation, education, housing, health care, tax policies, economic vitality and the environment. The Leadership Group members collectively provide nearly one of every three private sector jobs in Silicon Valley and generate more than $3 trillion in annual revenue.

On October 10th, 2017, posted in: Press Releases by