California Online Voter Guide

10th Edition, March 2004 Primary Election

Proposition 58: The California Balanced Budget Act. Legislative Constitutional Amendment. Passed

Official Summary

Requires the enactment of a balanced budget, addresses fiscal emergencies, and establishes a budget reserve. Fiscal Impact: Net state fiscal effects unknown and will vary by year, depending in part on actions of future legislatures. Reserve provisions may smooth state spending, with reductions during economic expansions and increases during downturns. Provisions requiring balanced budgets and limiting deficit borrowing could result in more immediate actions to correct budgetary shortfalls.

Campaign Web Sites and Contact Information

• Yes on Proposition 58
  Join Arnold
  455 Capitol Mall, Suite 801, Sacramento, CA 95814
  (916) 442-7757 or info@joinarnold.com

• No on Proposition 58
  San Diego Tax Fighters
  10969 Red Cedar Drive, San Diego, CA 92131
  (858) 530-3027 or rrider@san.rr.com

Who Signed the Ballot Arguments

Yes on Proposition 58:

• Bill Hauck, Chairman, California Constitution Revision Commission

• Jenny Oropeza, Chairwoman, Assembly Budget Committee

• Arnold Schwarzenegger, Governor, State of California

• Herb J. Wesson, Jr., Speaker, California State Assembly

• Allan Zaremberg, Chairman, California Chamber of Commerce

No on Proposition 58:

• Richard Rider, Chair, San Diego Tax Fighters

• Bruce Henderson, President, Association of Concerned Taxpayers

• Joe Armendariz, Executive Director, Santa Barbara County Taxpayers Association

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 58. The Secretary of State can also tell you who is raising and spending money on Prop 58 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 58, and the Easy Reading Voter Guide.

This page was first published on February 12, 2004 | Last updated on February 10, 2006
Copyright California Voter Foundation, All Rights Reserved.