Posts Tagged: Proposition 30

PolitiFact: Yes on 55 claim misses mark

Photo: Everett Collection, via Shutterstock)

by CHRIS NICHOLS posted 09.21.2016

ANALYSIS: Recent radio and TV ads claim California’s K-12 public schools face dire cuts if voters fail to approve Proposition 55, a measure on November’s ballot that would extend an income tax hike on wealthy residents. The ads by the Yes on 55 campaign paint a dark picture. They cite past spending cuts that led to thousands of teacher layoffs, eliminated art and music programs and increased class sizes a few years ago.

Cutting ‘fatal flaw’ helps budget

Gov. Jerry Brown at a Capitol briefing last year on his revised state budget. Photo: Rich Pedroncelli/AP

by LENNY MENDONCA and PETE WEBER posted 01.19.2016

OPINION: Californians can breathe a sigh of relief. When proponents of a 2016 ballot proposal to extend Proposition 30’s tax rates on wealthy Californians amended their measure this week, they did something that was both politically smart and fiscally sound: They eliminated a provision the governor a few days ago called the measure’s “fatal flaw”, that would have exempted this proposed new revenue from the state’s Rainy Day Fund.

Fiscal outlook brighter — but fingers crossed

Legislative Analyst Mac Taylor, the Legislature's nonpartisan fiscal adviser, unveils the latest budget projections. (Photo: AP/Rich Pedroncelli

by JOHN HOWARD posted 11.20.2014

California, long bedeviled by daunting budget deficits, is likely to end the next fiscal year with $4.2 billion in reserve, with half that amount due to a budget-reform measure that voters approved on Nov. 4, according to the Legislature’s nonpartisan financial adviser.