A BIG win for fiscal sanity!

for the 90% of you who don't know what the hell I'm talking about there was a ballot measure for half a dozen MAJOR tax increases for the citizens of CA to vote on today, details and results below. Note numbers are as of 11:40pmPST (1:40amCST) with ~74% of the precincts reporting. Final numbers probably won't be available until sunrise.

Proposition 1A “Rainy Day” Budget Stabilization Fund
Increases size of state “rainy day” fund from 5% to 12.5% of the General Fund. A portion of the annual deposits into that fund would be dedicated to savings for future economic downturns, and the remainder would be available to fund education, infrastructure, and debt repayment, or for use in a declared emergency.
Requires additional revenue above historic trends to be deposited into state “rainy day” fund, limiting spending.

Summary of Legislative Analyst’s Estimate of Net State and Local Government Fiscal Impact:
Higher state tax revenues of roughly $16 billion from 2010—11 through 2012—13 to help balance the state budget.
In many years, increased amounts of money in state “rainy day” reserve fund.
Potentially less ups and downs in state spending over time.
Possible greater state spending on repaying budgetary borrowing and debt, infrastructure projects, and temporary tax relief. In some cases, this would mean less money available for ongoing spending.)


Yes:34.9%
No:65.1%

The peoples vote above, here's how their elected officials (and I use that term VERY loosely) voted

Final votes cast by the legislature on ACA 1 (Proposition 1A)
Senate: Ayes 30 Noes 8

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Assembly: Ayes 74 Noes 6


Final votes cast by the legislature on SCA 13 (Proposition 1A)
Senate: Ayes 39 Noes 0

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Assembly: Ayes 64 Noes 6


Proposition 1B Education Funding. Payment Plan.
EDUCATION FUNDING. PAYMENT PLAN.
Requires supplemental payments to local school districts and community colleges to address recent budget cuts.
Annual payments begin in 2011–12.
Payments are funded from the state’s Budget Stabilization Fund until the total amount has been paid.
Payments to local school districts will be allocated in proportion to average daily attendance and may be used for classroom instruction, textbooks and other local educational programs.
Summary of Legislative Analyst’s Estimate of Net State and Local Government Fiscal Impact:
Fiscal impact would depend on how current constitutional provisions would otherwise be interpreted.
Potential state savings of up to several billion dollars in 2009–10 and 2010–11.
Potential state costs of billions of dollars annually thereafter.

Yes:38.3%
No:61.7%

Final votes cast by the legislature on ACA 2 (Proposition 1B)
Senate: Ayes 28 Noes 10

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Assembly: Ayes 68 Noes 11





Proposition 1C Lottery Modernization Act

LOTTERY MODERNIZATION ACT.
Allows the state lottery to be modernized to improve its performance with increased payouts, improved marketing, and effective management.
Requires the state to maintain ownership of the lottery and authorizes additional accountability measures.
Protects funding levels for schools currently provided by lottery revenues.
Increased lottery revenues will be used to address current budget deficit and reduce the need for additional tax increases and cuts to state programs.
Summary of Legislative Analyst’s Estimate of Net State and Local Government Fiscal Impact:
Impact on 2009–10 State Budget: Allows $5 billion of borrowing from future lottery profits to help balance the 2009–10 state budget.
Impact on Future State Budgets: Debt-service payments on the lottery borrowing and higher payments to education would likely make it more difficult to balance future state budgets. This impact would be lessened by potentially higher lottery profits. Additional lottery borrowing would be allowed.

Yes:36.1%
No:63.9%

Final votes cast by the legislature on AB 12 (Proposition 1c)
Senate: Ayes 30 Noes 8

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Assembly: Ayes 70 Noes 8


Final votes cast by the legislature on SCA 12 (Proposition 1c)
Senate: Ayes 27 Noes 9

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Assembly: Ayes 63 Noes 14




Proposition 1D Children’s Services Funding
PROTECTS CHILDREN’S SERVICES FUNDING. HELPS BALANCE STATE BUDGET.
Provides more than $600 million to protect children’s programs in difficult economic times.
Redirects existing tobacco tax money to protect health and human services for children, including services for at-risk families, services for children with disabilities, and services for foster children.
Temporarily allows the redirection of existing money to fund health and human service programs for children 5 years old and under.
Ensures counties retain funding for local priorities.
Helps balance state budget.
Summary of Legislative Analyst’s Estimate of Net State and Local Government Fiscal Impact:
State General Fund savings of up to $608 million in 2009–10 and $268 million annually from 2010–11 through 2013–14, from temporarily redirecting a portion of funds from the California Children and Families Program in place of state General Fund support of health and human services programs for children up to age five.
Corresponding reductions in funding for early childhood development programs provided by the California Children and Families Program.

Yes:35.2%
No:64.8%

Final votes cast by the legislature on AB 17 (Proposition 1D)
Senate: Ayes 37 Noes 0

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Assembly: Ayes 75 Noes 3




Proposition 1E Mental Health Funding
MENTAL HEALTH SERVICES FUNDING. TEMPORARY REALLOCATION. HELPS BALANCE STATE BUDGET.
Amends Mental Health Services Act (Proposition 63 of 2004) to transfer funds, for a two-year period, from mental health programs under that act to pay for mental health services for children and young adults provided through the Early and Periodic Screening, Diagnosis, and Treatment Program.
Provides more than $225 million in flexible funding for mental health programs.
Helps balance state budget during this difficult economic time.
Summary of Legislative Analyst’s Estimate of Net State and Local Government Fiscal Impact:
State General Fund savings of about $230 million annually for two years (2009–10 and 2010–11) from redirecting a portion of Proposition 63 funds to an existing state program in place of state General Fund support.
Corresponding reduction in funding available for Proposition 63 community mental health programs.


Yes:34.5%
No:65.5%

Final votes cast by the legislature on SB 10 (Proposition 1E)
Senate: Ayes 36 Noes 2

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Assembly: Ayes 76 Noes 4

Proposition 1F Elected Officials Salaries
ELECTED OFFICIALS’ SALARIES.
PREVENTS PAY INCREASES DURING BUDGET DEFICIT YEARS.
Encourages balanced state budgets by preventing elected Members of the Legislature and statewide constitutional officers, including the Governor, from receiving pay raises in years when the state is running a deficit.
Directs the Director of Finance to determine whether a given year is a deficit year.
Prevents the Citizens Compensation Commission from increasing elected officials’ salaries in years when the state Special Fund for Economic Uncertainties is in the negative by an amount equal to or greater than one percent of the General Fund.
Summary of Legislative Analyst’s Estimate of Net State and Local Government Fiscal Impact:
Minor state savings related to elected state officials’ salaries in some cases when the state is expected to end the year with a budget deficit.
Yes:74.6%
No:25.4%

Final votes cast by the legislature on SCA 8 (Proposition 1F)
Senate: Ayes 39 Noes 0

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Assembly: Ayes 80 Noes 0