TITLE

Calif. May Have Seen Its Last Late Budget

AUTHOR(S)
Saskal, Rich
PUB. DATE
November 2010
SOURCE
Investment Dealers' Digest;11/5/2010, Vol. 76 Issue 41, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the passage of Proposition 25 in the state of California. It states that Proposition 25 does not change the two-thirds supermajority requirement to increase taxes, but allows for a state budget to pass with a majority vote in the U.S. Congress. Furthermore, the voters have approved Proposition 26, which requires two-thirds supermajorities to adopt fees, and Proposition 22 that limits the ability of the state to shift funds from local government and agencies.
ACCESSION #
55154651

 

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