Measures aimed at bolstering California's infrastructure, schools and housing proved popular with the states voters on Nov. 8. A host of ballot initiatives were approved including several sales tax initiatives to improve local infrastructure and multiple ballot items aimed at increasing the availability of affordable housing. More than $15 billion in bond measures for school district projects were also on the ballot.
Although the final numbers are still being tallied, the successful measures already represent billions of dollars of new investment in infrastructure across the state. According to Peter Tateishi, CEO of the Associated General Contractors of California, these investments are good news for contractors concerned about the impacts of a possible recession in the near future.