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
Changes the legislative vote requirement necessary to pass the state budget from two-thirds to a sim...
STATE BUDGET, RELATED TAXES, AND RESERVE. VOTING REQUIREMENTS. PENALTIES. INITIATIVE CONSTITUTIONAL ...
STATE BUDGET. TAXES. VOTING REQUIREMENTS. INITIATIVE CONSTITUTIONAL AMENDMENT AND STATUTE. Permits L...
Requires annual transfer of state general fund revenues to budget stabilization account. Requires ha...
Changes legislative vote requirement necessary to pass state budget from two-thirds to a simple majo...
STATE BUDGET. CHANGES CALIFORNIA BUDGET PROCESS. LIMITS STATE SPENDING. INCREASES “RAINY DAY” BUDGET...
Establishes two-year state budget cycle. Prohibits Legislature from creating expenditures of more th...
STATE SPENDING AND SCHOOL FUNDING LIMITS. INITIATIVE CONSTITUTIONAL AMENDMENT. Limits state spending...
Continues previous fiscal year\u27s budget if new state budget is delayed. Amends the minimum-fundin...
Changes state minimum school funding requirements (Proposition 98), permitting suspension of minimum...
Establishes two-year state budget. Sets rules for offsetting new expenditures, and Governor budget c...
The California Balanced Budget Act. • Requires enactment of a balanced budget where General Fund exp...
CHANGES LEGISLATIVE VOTE REQUIREMENT TO PASS BUDGET AND BUDGET-RELATED LEGISLATION FROM TWO-THIRDS T...
State Budget, Related Taxes, and Reserve. Voting Requirements. Penalties. Initiative Constitutional ...
Empowers Governor to make across-the-board reductions in state spending (with exceptions) upon decla...
Changes the legislative vote requirement necessary to pass the state budget from two-thirds to a sim...
STATE BUDGET, RELATED TAXES, AND RESERVE. VOTING REQUIREMENTS. PENALTIES. INITIATIVE CONSTITUTIONAL ...
STATE BUDGET. TAXES. VOTING REQUIREMENTS. INITIATIVE CONSTITUTIONAL AMENDMENT AND STATUTE. Permits L...
Requires annual transfer of state general fund revenues to budget stabilization account. Requires ha...
Changes legislative vote requirement necessary to pass state budget from two-thirds to a simple majo...
STATE BUDGET. CHANGES CALIFORNIA BUDGET PROCESS. LIMITS STATE SPENDING. INCREASES “RAINY DAY” BUDGET...
Establishes two-year state budget cycle. Prohibits Legislature from creating expenditures of more th...
STATE SPENDING AND SCHOOL FUNDING LIMITS. INITIATIVE CONSTITUTIONAL AMENDMENT. Limits state spending...
Continues previous fiscal year\u27s budget if new state budget is delayed. Amends the minimum-fundin...
Changes state minimum school funding requirements (Proposition 98), permitting suspension of minimum...
Establishes two-year state budget. Sets rules for offsetting new expenditures, and Governor budget c...
The California Balanced Budget Act. • Requires enactment of a balanced budget where General Fund exp...
CHANGES LEGISLATIVE VOTE REQUIREMENT TO PASS BUDGET AND BUDGET-RELATED LEGISLATION FROM TWO-THIRDS T...
State Budget, Related Taxes, and Reserve. Voting Requirements. Penalties. Initiative Constitutional ...
Empowers Governor to make across-the-board reductions in state spending (with exceptions) upon decla...
Changes the legislative vote requirement necessary to pass the state budget from two-thirds to a sim...
STATE BUDGET, RELATED TAXES, AND RESERVE. VOTING REQUIREMENTS. PENALTIES. INITIATIVE CONSTITUTIONAL ...
STATE BUDGET. TAXES. VOTING REQUIREMENTS. INITIATIVE CONSTITUTIONAL AMENDMENT AND STATUTE. Permits L...