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Proposition 1A

Election: Statewide Special Election, May 19, 2009

“RAINY DAY” BUDGET STABILIZATION FUND. Reforms the budget process. Limits future deficits and overspending 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.

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.


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SUPPORTING THE MEASURE:

Democrats:
Senate President Pro Tem Darrell Steinberg

Republicans:
Gov. Arnold Schwarwzenegger

Groups and coalitions:
Budget Reform Now
Small Business Action Committee


OPPOSING THE MEASURE:

Democrats:
Senator Loni Hancock
Anthony Wright, Health Access California

Republicans:
Steve Poizner, Insurance Commissioner
Meg Whitman
Senator Bob Dutton
Assemblymember Charles DeVore
U.S. Rep. Tom McClintock http://www.carepublic.com/blog.html?blog_id=230

Groups and coalitions:
California Faculty Association
Congress of California Seniors
Consumer Federation of California
Howard Jarvis Taxpayers Association
Union of Health Care Professionals
American Federation of State, County and Municipal Employees
League of Women Voters of Calfornia - PDF: http://ca.lwv.org/lwvc/publications/pr/03_12_09_propositions.pdf
San Bernardino County Republican Party
Santa Barbara County Republican Party

Last edited by Scott Flodin on May,
 
TOTALCAPITOL POLL
Will voters approve Proposition 1A, the measure to establish a 'rainy day' budget fund?
Yes
38% 

No
62% 

61 votes cast from Feb. 27 through May 19, 2009
Thank you for voting.  »More polls
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