UC Student Association

The official voice of undergraduate, graduate, and professional students at University of California campuses.

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CMED

The California Modernization and Economic Development Act (CMED)

UCSA is working to ensure the passage of the California Modernization and Economic Development Act. This act will provide $2 billion in annual revenue to our state by implementing a 9.5% tax on companies that extract oil and natural gas in California.

The revenue accumulated will then be earmarked for expenditure on the following programs:

  • $1.2 billion allocated toward public education.
    • $300 million for K-12
    • $300 million for California Community Colleges
    • $300 million for California State Universities
    • $300 million for University of California for the purposes of restoring tuition to 2010 levels
  • $440 million allocated to subsidize small businesses that wish to transition to carbon-free and reduced-carbon sources of energy.
  • $66 million allocated to maintaining California State Parks, land conservation, and reducing user fees.
  •  $300 million allocated to the general funds of every California County Government for infrastructure repair, public works projects and funding public services.