Quick Guide to Propositions
Increases State’s Rainy Day Fund. Legislative Constitutional Amendment.
Increases State’s Rainy Day Fund. Legislative Constitutional Amendment.
Summary
Increases California's Rainy Day Fund, approved by voters in 2014, to provide funding for education, health care, public safety, and other essential services during economic downturns. Fiscal Impact: State budget reserves would be higher. Supporters: CA Professional Firefighters; LA Chamber of Commerce; Gavin Newsom; Xavier Becerra; Assemblymember Jesse Gabriel Opponents: None submitted
Money Raised
Chart depicts total fundraising by all committees primarily formed for and against Prop 2.Totals are updated daily with contributions from Power Search 
and adjustments from the most recent Political Reform Division analysis.
Largest Contributions
Showing the 10 largest contributions to committees formed primarily for and against Prop 2 in the election cycle when it appeared on the ballot. Contributions in earlier election cycles and contributions between allied committees are excluded. For more information on funding for ballot measure campaigns, visit the Power Search campaign finance search engine.
Yes on Prop 2
No on Prop 2
What your vote means
Yes
A YES vote on this measure means: Rules for building state budget reserves and paying down extra state debts would change. As a result, state budget reserves would be higher. The state also would be required to make extra debt payments for longer.
No
A NO vote on this measure means: Rules for building state budget reserves and paying down extra state debts would not change.
More on Proposition 2
For background on Proposition 2, an analysis by the legislative analyst, endorsements for and against the measure, and more...
- Read the California Voter Information Guide.
Arguments
Pro
Vote yes on Proposition 2 to protect schools, healthcare, and public safety funding. Proposition 2 doubles the state's Rainy Day Fund, stops politicians from overspending when there is a budget surplus, and ensures education funding continues during economic downturns. It has bipartisan support from firefighters, hospitals, health clinics, and educators.
Con
Proposition 2 guarantees more spending, not savings, creating a loophole that makes taxpayer rebates less likely by excluding reserve deposits from California's constitutional spending limit. It provides no new funding for education, healthcare, or public safety. Vote No to protect taxpayer rebates and constitutional limits.
Campaigns
For
- Yes on Prop. 2
- 445 S. Figueroa Street
- Suite 2400
- Los Angeles, CA 90071
- YesonProp2.com
Against
- David Tangipa,
- Assemblymember
- RejectProp2@gmail.com