California Online Voter Guide

10th Edition, March 2004 Primary Election

Proposition 57: The Economic Recovery Bond Act. Passed

Official Summary

One time bond of up to fifteen billion dollars ($15,000,000,000) to retire deficit. Fiscal Impact: One-time increase, compared to previously authorized bond, of up to $4 billion to reduce the state's budget shortfall and annual debt-service savings over the next few years. These effects would be offset by higher annual debt-service costs in subsequent years due to this bond's longer term and larger size.

Campaign Web Sites and Contact Information

Yes on Proposition 57
Join Arnold
455 Capitol Mall, Suite 801, Sacramento, CA 95814
(916) 442-7757 or info@joinarnold.com
No on Proposition 57
Senator Tom McClintock
1029 K Street, Suite 44, Sacramento, CA 95814
(916) 448-9321 or campaign@tommcclintock.com

Who Signed the Ballot Arguments

Yes on Proposition 57:

Carl Guardino, President, Silicon Valley Manufacturing Group
Larry McCarthy, President, California Taxpayers' Association
Arnold Schwarzenegger, Governor, State of California
Allan Zaremberg, President, California Chamber of Commerce

No on Proposition 57:

Senator Tom McClintock
Senator Bill Morrow

For More Information, CVF Recommends...

The California Secretary of State publishes the Official Voter Information Guide with both a Quick Summary and Detailed Information about Proposition 57. The Secretary of State can also tell you who is raising and spending money on Prop 57 through Cal-Access, its campaign finance website.

Other good nonpartisan resources include the League of Women Voters' Pro/Con Analysis and In-Depth Analysis of Proposition 57, and the Easy Reading Voter Guide.

Next to Proposition 58