Proposition 2

Budget Stabilization Account
California Ballot Propositions - November 4th 2014

Proposition 2 would change the requirements for the State's Budget Stabilization Account, which was created in 2004 by Proposition 58 to force the government to pass a balanced budget each year. The measure would require half the revenues to be used to repay state debts as well as limiting use of remaining fund to emergencies and budget deficits.

Proposition 2 is a  legislatively-referred constitutional amendment. If passed, it would amend Section 12.5 of Article IV and Sections 20-22 of Article XVI of the California Constitution.
 

Official Results

Yes votes: 4,831,045 [69.1%]

No votes: 2,158,004 [30.9%]

Details

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