California Proposition 58, Balanced Budget Amendment (March 2004)
| California Proposition 58 | |
|---|---|
 | |
| Election date March 2, 2004 | |
| Topic State and local government budgets, spending and finance | |
Status Approved | |
| Type Constitutional amendment | Origin State legislature |
California Proposition 58 was on the ballot as a legislatively referred constitutional amendment in California on March 2, 2004. It was approved.
Overview
Proposition 58 required the California State Legislature to pass a balanced budget. The constitutional amendment also created a reserve fund called the Budget Stabilization Account and prohibited the future bond issues to finance public deficients (like that in Proposition 57. Proposition 58 was contingent upon the passage of Proposition 57, which was also approved.
Gov. Arnold Schwarzenegger (R) supported Proposition 58 as part of his plan to address budget-related issues in California.
Election results
|
California Proposition 58 |
||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
|
|
4,535,084 | 71.12% | ||
| No | 1,841,138 | 28.88% | ||
Text of measure
Ballot title
The ballot title for Proposition 58 was as follows:
| “ | The California Balanced Budget Act. Legislative Constitutional Amendment. | ” |
Ballot summary
The ballot summary for this measure was:
| “ |
| ” |
Fiscal impact statement
The fiscal impact statement was as follows:
| “ |
|
” |
Path to the ballot
A two-thirds vote was needed in each chamber of the California State Legislature to refer the constitutional amendment to the ballot for voter consideration.
Proposition 58 was referred to the ballot via Assembly Constitutional Amendment 5 of the 2003—2004 Fifth Extraordinary Session (Resolution Chapter 1, 2003—2004 Fifth Extraordinary Session).
| Votes in legislature to refer to ballot | ||
|---|---|---|
| Chamber | Ayes | Noes |
| Assembly | 80 | 0 |
| Senate | 35 | 5 |
See also
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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State of California Sacramento (capital) |
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