| General Election 11/06/2012 |
| PROPOSITION 31 State Budget. State and Local Government. Initiative Constitutional Amendment and Statute. |
| Establishes two-year state budget. Sets rules for offsetting new expenditures, and Governor budget cuts in fiscal emergencies. Local governments can alter application of laws governing state-funded programs. Fiscal Impact: Decreased state sales tax revenues of $200 million annually, with corresponding increases of funding to local governments. Other, potentially more significant changes in state and local budgets, depending on future decisions by public officials. |
| Yes |
| No |