Should the State Constitution be amended to change how the state pays down debt and saves money in reserves?
- Requires annual transfer of 1.5% of general fund revenues to state budget stabilization account.
- Requires additional transfer of personal capital gains tax revenues exceeding 8% of general fund
revenues to budget stabilization account and, under certain conditions, a dedicated K+14 school
- Requires that half the budget stabilization account revenues be used to repay state debts and
- Allows limited use of funds in case of emergency or if there is a state budget deficit.
- Caps budget stabilization account at 10% of general fund revenues, directs remainder to
- Long-term state savings from faster
payment of existing debts.
- Different levels of state budget reserves,
depending on economy and decisions by elected officials.
local reserves for some school districts.
- A YES vote on this measure means:
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
- A NO vote on this measure means:
for payment of state debts,
state budget reserves, and local
school district reserves would
- Summary of Arguments FOR Proposition 2:
- Proposition 2 establishes
a STRONG RAINY
DAY FUND in the State
Constitution that will
force the Legislature and
Governor to save money
and pay down debts, which
will shield TAXPAYERS
from UNNECESSARY TAX
INCREASES and PROTECT
SCHOOLS from devastating
cuts. BOTH Democrats and
- Summary of Arguments AGAINST Proposition 2:
- Vote NO on 2 to
Proposition 2 hides a
DANGEROUS financial time
bomb that will LIMIT districts'
ability to save.
helps to keep California
in the nation
in per pupil
trust Sacramento. Get facts
from parents, not politicians at
- Contact FOR Proposition 2:
- Tom Willis
Yes on Proposition 2
2355 Broadway #407
Oakland, CA 94612
- Contact AGAINST Proposition 2:
- Educate Our State
6114 La Salle Avenue, #441
Oakland, CA 94610
Secretary of State
Campaign Finance Data
- Funding Summary for Prop 2
- the most complete information: everything on this page plus funding, news articles, endorsements, ads. From MapLight and the Smart Voter team of LWV California Education Fund
- Details of committee campaign finance filings submitted to the Secretary of State.
League of Women Voters
Pros & Cons: Santa Clara County
Pros & Cons: Alameda County
News and Analysis
- Oct. 27, 7:00 to 9:00 pm, Fremont Main Library, 2400 Stevenson Blvd., Fremont
KQED Public Radio
KQED News Election Watch
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