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California Proposition 2 Would Redirect Rebates to Rainy Day Fund
Original: Your guide to Proposition 2: Lets leaders fatten ‘rainy day’ fund instead of taxpayer rebates
A ballot measure in California would change how the state handles budget surpluses. Instead of returning money to taxpayers through rebates, Proposition 2 would allow state leaders to divert those funds into the state's reserves, commonly called a rainy day fund. Supporters say it strengthens fiscal stability, while critics argue it denies taxpayers money that is owed to them. It is one of the measures California voters will weigh at the polls.
Why now: California voters are evaluating ballot measures ahead of an upcoming election.
CaliforniaCalifornia Proposition 2Los Angeles Times
Evidence
- Your guide to Proposition 2: Lets leaders fatten ‘rainy day’ fund instead of taxpayer rebates · Los Angeles Times
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