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budget stabilization fund

Socialist Stewart Alexander on California Props, VOTE NO! (tags)

Propositions 1A through 1E, on the May 19, 2009 ballot, is a recipe for higher taxes and cuts in services statewide. Proposition 1F was placed on the ballot to make voters feel empowered in dealing with a State Legislature that moves from one budget crisis to another. The bottom line for Proposition 1F, it will accomplish absolutely nothing.

Queer Democrats Oppose Flagship Budget Compromise Proposition (tags)

The predominantly Queer San Diego Democratic Club voted overwhelmingly on March 26 to oppose Proposition 1A, centerpiece of the budget reform compromise adopted by the California legislature last January. Though 1A would extend the state's temporary tax increases from two years to four, club members decided that the price -- notably vastly increased veto powers for the governor, new corporate tax breaks and a "rainy-day fund" that could lead to cutbacks in major state programs -- wasn't worth it. The club also opposed Proposition 1D, suppported 1B, 1E and 1F, and took no position on 1C.

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