California Voter Foundation Logo

California Online Voter Guide


November 2014 General Election

24th edition

Voter Guide toolbar - President selected Propostions Statewide Congress

Proposition 2 - State Budget. Budget Stabilization Account. Passed

Legislative Constitutional Amendment

 

Official Summary:

Requires annual transfer of state general fund revenues to budget stabilization account. Requires half the revenues be used to repay state debts. Limits use of remaining funds to emergencies or budget deficits. Fiscal Impact: Long-term state savings from faster payment of existing debts. Different levels of state budget reserves, depending on economy and decisions by elected officials. Smaller local reserves for some school districts.

What a Yes or No Vote Means

A YES vote on this measure means: Existing state debts likely would be paid faster. There would be new rules for state budget reserves. Local school district budget reserves would be capped in some years.

A NO vote on this measure means: Rules for payment of state debts, state budget reserves, and local school district reserves would not change.

Official Voter Guide page

This page features the Legislative Analyst's analysis, pro-con arguments and the full proposition text.

Campaign Web Sites and Contact Information

Who Signed the Ballot Arguments

Media Coverage

News articles and editorials are available from Voters Edge

Follow the Money

 

 

This page was first published on September 7, 2014 | Last updated on November 4, 2015
Copyright California Voter Foundation, All Rights Reserved.