Below is the
summary from the Secretary of State:
State Budget. State and Local Government.
Initiative Constitutional Amendment and Statute.
Summary Date: 12/29/11 | Qualified:
06/26/12 | Signatures Required: 807,615
Proponent: Sunne Wright McPeak c/o
Robin B. Johansen and James C. Harrison (510) 346-6200
Establishes two-year state budget
cycle. Prohibits Legislature from creating expenditures of more than $25
million unless offsetting revenues or spending cuts are identified. Permits
Governor to cut budget unilaterally during declared fiscal emergencies if
Legislature fails to act. Requires performance reviews of all state programs.
Requires performance goals in state and local budgets. Requires publication of
all bills at least three days prior to legislative vote. Gives counties power
to alter state statutes or regulations related to spending unless Legislature
or state agency vetoes changes within 60 days. Summary of estimate by
Legislative Analyst and Director of Finance of fiscal impact on state and local
government: Decreased state revenues and commensurate increased local revenues,
probably in the range of about $200 million annually, beginning in 2013-14.
Potential decreased state program costs or increased state revenues resulting
from changes in the fiscal authority of the Legislature and Governor. Increased
state and local costs of tens of millions of dollars annually to implement new
budgeting practices. Over time, these costs would moderate and potentially be
offset by savings from improved program efficiencies.
You will be
reading/hearing/seeing more about this initiative and all the others as
November approaches. All the initiatives
that have qualified so far are at:
[The water bond proposition currently listed is likely to be moved by the legislature to a later date.]
No comments:
Post a Comment