Proposition Summary

Requires 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.

Proposition Number

2

Year

2014

Document Type

Proposition

Pass/Fail

Pass

Popular Vote Results

Y:4,831,045; A:69.1; N:2,158,004; B:30.9

Election Type

General Election

Proposition Type

Legislative Constitutional Amendment

Code Sections Affected

Proposed Amendments to Articles IV and XVI of the California Constitution

For Author

John A. Pérez, Assembly Speaker Emeritus; Edmund G. Brown Jr., Governor; Allan Zaremberg, President of California Chamber of Commerce

Against Author

Katherine Welch, Director of Educate Our State; Hope Salzer, Chapter Director of Educate Our State, Jennifer Bestor, Research Director for Educate Our State

Rebuttal Author

Cushon Bell, Secretary of Educate Our State; Cinnamon O’Neill, Chapter Director of Educate Our State; Kilty Belt-Vahle, Parent Volunteer of Educate Our State

Rebuttal Against Author

Dr. Michael Kirst, President of California State Board of Education

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