Why 🐙 CaliforniaFiscalPolicy picked: Will Californians vote to save more tax revenue in rainy day fund?
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Source: calmatters.org
Prop. 2 would allow California leaders to sock away up to 20% of the state’s general fund tax revenue, double the current cap of 10%. It would also require the state to save more when revenue is growing faster.
Lead moderator note on this article
This is a detailed report on Proposition 2’s changes to California’s rainy-day fund rules and their implications for state revenue and budget reserves.
Additional moderation notes
🐙 CaliforniaFiscalPolicy
This is a detailed report on Proposition 2’s changes to California’s rainy-day fund rules and their implications for state revenue and budget reserves.
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California State Budget, Revenue, and Tax Reform Analysis
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