State - On May 19th, Amador County voters will have the opportunity to vote on six budget-related propositions in a statewide special election. In a special series here on TSPN, we’ll bring you information on each ballot measure, what it means for California, and more specifically, how it affects Amador County. Proposition 1A, also called the "Rainy Day Budget Stabilization Fund," would create a spending cap and make it harder for the state to spend its emergency cash reserve, or rainy day fund. It also extends for two more years the increased income tax rate, the 1-cent sales tax hike and a near doubling of the vehicle license fee approved by Governor Arnold Schwarzenegger and the Legislature just months ago. Supporters, which include many business groups, say it would “limit spending”, stabilize the state budget and help prevent roller-coaster ups and downs. It’s predicted that the teacher’s union will spend nearly $6 million in support of Prop. 1A, which is similar to Schwarzenegger's 2005 measure that the teachers' union so strongly opposed. Their reasoning for this is because school-supported Prop. 1B, which would eliminate the minimum school funding guarantee to protect K-12 and community college funding, is tied to a "supplemental education fund" created by Prop. 1A. Both 1A and 1B must pass in order for schools to receive the $9.3 billion," says a radio ad paid for by the teachers' union. Opponents to Prop. 1A, which include almost every Republican legislator, say it’s just a ploy to extract more money from taxpayers without truly reforming state spending. Proposition 1A would "make it harder to approve spending increases in some years," the Legislative Analyst's Office says, and “would not cap the total level of spending that could be authorized in any year.” This means a larger rainy-day reserve but also higher spending and taxes, which would suck the oxygen out of economic growth, opponents say. May 19th, you’ll have the opportunity to vote on this and other contentious issues. Stay tuned for more information on the propositions in upcoming newscasts. Story by Alex Lane This email address is being protected from spambots. You need JavaScript enabled to view it.
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State - On May 19th, Amador County voters will have the opportunity to vote on six budget-related propositions in a statewide special election. In a special series here on TSPN, we’ll bring you information on each ballot measure, what it means for California, and more specifically, how it affects Amador County. Proposition 1A, also called the "Rainy Day Budget Stabilization Fund," would create a spending cap and make it harder for the state to spend its emergency cash reserve, or rainy day fund. It also extends for two more years the increased income tax rate, the 1-cent sales tax hike and a near doubling of the vehicle license fee approved by Governor Arnold Schwarzenegger and the Legislature just months ago. Supporters, which include many business groups, say it would “limit spending”, stabilize the state budget and help prevent roller-coaster ups and downs. It’s predicted that the teacher’s union will spend nearly $6 million in support of Prop. 1A, which is similar to Schwarzenegger's 2005 measure that the teachers' union so strongly opposed. Their reasoning for this is because school-supported Prop. 1B, which would eliminate the minimum school funding guarantee to protect K-12 and community college funding, is tied to a "supplemental education fund" created by Prop. 1A. Both 1A and 1B must pass in order for schools to receive the $9.3 billion," says a radio ad paid for by the teachers' union. Opponents to Prop. 1A, which include almost every Republican legislator, say it’s just a ploy to extract more money from taxpayers without truly reforming state spending. Proposition 1A would "make it harder to approve spending increases in some years," the Legislative Analyst's Office says, and “would not cap the total level of spending that could be authorized in any year.” This means a larger rainy-day reserve but also higher spending and taxes, which would suck the oxygen out of economic growth, opponents say. May 19th, you’ll have the opportunity to vote on this and other contentious issues. Stay tuned for more information on the propositions in upcoming newscasts. Story by Alex Lane This email address is being protected from spambots. You need JavaScript enabled to view it.
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