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2004 California Proposition 56

From Wikipedia, the free encyclopedia

Proposition 56 was a California ballot proposition on the March 2, 2004 ballot. It failed to pass with 2,185,868 (34.3%) votes in favor and 4,183,188 (65.7%) against. It was intended to penalize the state's elected officials for every day that the state budget is overdue. The proposition would also have lowered the threshold required pass a budget and enact new budget-related taxes to 55% from the two-thirds supermajority vote currently required. (The two-thirds requirement was implemented with the passage of California Proposition 13 in 1978). Prop 56 was officially known as the Budget Accountability Act.

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Transcription

Official summary

  • Permits Legislature to enact budget and budget-related tax and appropriation bills with 55% vote rather than 2/3 vote currently required.
  • Requires that Legislature, Governor permanently lose salary, expenses for each day budget is late.
  • Requires that Legislature stay in session until budget is passed.
  • Requires budget summary in state ballot pamphlet and link to Internet website with legislators' voting records on budget and related taxes.
  • Requires 25% of certain state revenue increases be deposited in reserve fund, which cannot be used to increase spending.

Summary of Legislative Analyst's Estimate of Net State and Local Government Fiscal Impact:

  • This measure would have varying state fiscal impacts from lowering the legislative vote requirement for budget-related spending and tax increases - including changes in spending and potentially significant increases in state tax revenues in some years. Fiscal impacts would depend primarily on the composition and actions of future Legislatures.

External links

This page was last edited on 27 August 2019, at 07:49
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