PROP
1A

STATE BUDGET. CHANGES CALIFORNIA BUDGET PROCESS.
LIMITS STATE SPENDING. INCREASES “RAINY DAY” BUDGET STABILIZATION FUND.

Changes the budget process. Could limit future deficits and spending by increasing the size of the state “rainy day” fund and requiring above-average revenues to be deposited into it, for use during economic downturns and other purposes. Fiscal Impact: Higher state tax revenues of roughly $16 billion from 2010–11 through 2012–13. Over time, increased amounts of money in state rainy day reserve and potentially less ups and downs in state spending.

YES A YES vote on this measure means: Various state budgeting practices would be changed. In some cases, the state would set aside more money in one of its “rainy day” reserve funds. Higher state taxes recently passed would be extended for up to two years.

NO A NO vote on this measure means: No changes would be made to state’s current budgeting practices or its rainy day reserve funds. Higher state taxes recently passed would end by 2010–11.

 

PRO Yes 1A: REFORM OUR BROKEN BUDGET SYSTEM. 1A forces budget stability and accountability. It strictly limits state spending and mandates a bigger rainy day fund—forcing politicians to save more in good years to prevent tax increases and cuts to schools, public safety and other vital services in bad years.

CON 1A is not what its supporters promise. Why? Because 1A: Treats the “Rainy Day Fund” as a slush fund for Pork Barrel spending ; Could force service cuts even in good times; Encourages unlimited tax increases—doesn’t stop them; Gives unchecked power to Governor. Vote No on 1A.

 

FOR
Budget Reform Now
(866) 978-3444
info@cabudgetreformnow.com
www.cabudgetreformnow.com

AGAINST
Douglas Herman
790 E. Colorado Blvd.,
  Suite #506
Pasadena, CA 91101
(626) 535-0713
www.VoteNoOn1A.com

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