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Statewide Special Election!!! May 19, 2009
Building Trades Council
Endorses PROPOSITION 1-A (State Finance) Extends several tax increases in the budget for an additional two years, through 2012-13; and requires a contribution of 3% of annual general fund revenues into a "rainy day" fund. Significantly, permissible uses of this fund include one-time expenditures such as infrastructure projects. PROPOSITION 1-C (State Lottery) Allows borrowing against future lottery revenues to help balance the 2009-10 budget. PROPOSITION 1-D (Tobacco tax redirect) Redirects tobacco tax revenues to the state general fund. PROPOSITION 1-E (Proposition 63 redirect) Redirects Proposition 63 revenues to the state general fund. The board took no position on two other measures, Proposition 1-B (Education Finance), and Proposition 1-F (Legislature Salaries). |
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