Add to ORKGRequires 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. Note: On August 11, 2014, the State Legislature and Governor renumbered Proposition 44 to Proposition 2
The Economic Recovery Bond Act. • A one time Economic Recovery Bond of up to fifteen billion dollars...
PROTECTS CHILDREN’S SERVICES FUNDING. HELPS BALANCE STATE BUDGET. Provides more than $600 million to...
BUDGET, STATE. INITIATIVE CONSTITUTIONAL AMENDMENT. Provides, if budget bill for each fiscal year no...
Requires annual transfer of state general fund revenues to budget stabilization account. Requires ha...
STATE BUDGET. CHANGES CALIFORNIA BUDGET PROCESS. LIMITS STATE SPENDING. INCREASES “RAINY DAY” BUDGET...
The California Balanced Budget Act. • Requires enactment of a balanced budget where General Fund exp...
Changes legislative vote requirement necessary to pass state budget from two-thirds to a simple majo...
BUDGET PROCESS. WELFARE. PROCEDURAL AND SUBSTANTIVE CHANGES. INITIATIVE CONSTITUTIONAL AMENDMENT AND...
Establishes two-year state budget cycle. Prohibits Legislature from creating expenditures of more th...
State Budget, Related Taxes, and Reserve. Voting Requirements. Penalties. Initiative Constitutional ...
Continues previous fiscal year\u27s budget if new state budget is delayed. Amends the minimum-fundin...
STATE AND LOCAL APPROPRIATIONS LIMIT. SCHOOL FUNDING. STATE MANDATES. BONDS. INITIATNE CONSTITUTIONA...
STATE BUDGET. INITIATIVE CONSTITUTIONAL AMENDMENT. Provides that if budget bill for next fiscal year...
EDUCATION FUNDING. PAYMENT PLAN. Requires supplemental payments to local school districts and commun...
Changes how the state spending limit is calculated and places a total limit on spending. Reduces ann...
The Economic Recovery Bond Act. • A one time Economic Recovery Bond of up to fifteen billion dollars...
PROTECTS CHILDREN’S SERVICES FUNDING. HELPS BALANCE STATE BUDGET. Provides more than $600 million to...
BUDGET, STATE. INITIATIVE CONSTITUTIONAL AMENDMENT. Provides, if budget bill for each fiscal year no...
Requires annual transfer of state general fund revenues to budget stabilization account. Requires ha...
STATE BUDGET. CHANGES CALIFORNIA BUDGET PROCESS. LIMITS STATE SPENDING. INCREASES “RAINY DAY” BUDGET...
The California Balanced Budget Act. • Requires enactment of a balanced budget where General Fund exp...
Changes legislative vote requirement necessary to pass state budget from two-thirds to a simple majo...
BUDGET PROCESS. WELFARE. PROCEDURAL AND SUBSTANTIVE CHANGES. INITIATIVE CONSTITUTIONAL AMENDMENT AND...
Establishes two-year state budget cycle. Prohibits Legislature from creating expenditures of more th...
State Budget, Related Taxes, and Reserve. Voting Requirements. Penalties. Initiative Constitutional ...
Continues previous fiscal year\u27s budget if new state budget is delayed. Amends the minimum-fundin...
STATE AND LOCAL APPROPRIATIONS LIMIT. SCHOOL FUNDING. STATE MANDATES. BONDS. INITIATNE CONSTITUTIONA...
STATE BUDGET. INITIATIVE CONSTITUTIONAL AMENDMENT. Provides that if budget bill for next fiscal year...
EDUCATION FUNDING. PAYMENT PLAN. Requires supplemental payments to local school districts and commun...
Changes how the state spending limit is calculated and places a total limit on spending. Reduces ann...
The Economic Recovery Bond Act. • A one time Economic Recovery Bond of up to fifteen billion dollars...
PROTECTS CHILDREN’S SERVICES FUNDING. HELPS BALANCE STATE BUDGET. Provides more than $600 million to...
BUDGET, STATE. INITIATIVE CONSTITUTIONAL AMENDMENT. Provides, if budget bill for each fiscal year no...