Attorney General No.
Secretary of State No.
BALANCED BUDGET. PENALTIES FOR LATE PASSAGE. INITIATIVE CONSTITUTIONAL AMENDMENT. Requires that balanced budget be reached, passed, and signed annually by June 15. Provides mandatory penalties when deadline is not met: Governor, Lieutenant Governor, and all Members of Legislature forfeit one year's salary and may not run for public office for four years after end of their current terms. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: If a balanced state budget is not signed by June 15 each year, measure would result in savings to State, from forfeited salaries, of about $12.2 million at December 1, 1998 salary rates. Savings would be less if officials subject to salary forfeiture do not hold office for an entire year following the June 15 deadline.
Joseph A. Perez, Sr., 1631 Flanigan Way, Petaluma, Ca 94954
Failed to Qualify
Balanced Budget. Penalties For Late Passage. California Initiative 822 (1998).