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Thursday, February 19, 2004

Union Endorses Prop 56--The Budget Accountability Act 

In a flyer mailed to all union members yesterday the union endorses Proposition 56, The Budget Accountability Act.

  • Makes legislators and the governor accountable.

  • Requires the state legislature to pass the budget on time.

  • Takes away legislator's pay if they do not pass the budget on time.

  • Reduces the threshold for passing the budget or passing revenue bills from 67% to 55%.

  • Requires the state to establish a rainy-day fund during years of budgetary surplus.

  • Requires a two-page budget summary to accompany the official voter guide.
This is an idea that is long overdue. It is amazing that there are no requirements for fiscal responsibility in place already.
On the other hand, reducing the percentage of votes needed to raise taxes should send up a huge red flag for anyone considering voting for this bill. Especially in light of recent California history.
// posted by Penguiniator @ 5:40 PM
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