Calif. voters lock-down rail, transit funds

Voters in California have approved a ballot proposition preventing the state or local governments from borrowing or redirecting to other budget projects any fuel tax or local property tax funds earmarked for transportation projects such as rail and transit.

The California ballot proposition, which was approved by more than 60 percent of voters, is in reaction to the recent shifting of transportation-earmarked funds to redevelopment projects and to close budget gaps.