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November 4, 2014 | |||||||||||||
Budget Stabilization Account | |||||||||||||
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2014 California Proposition 2, also known asProp 2 orChanges to State Budget Stabilization Fund Amendment, was a 2014California ballot proposition that would require 1.5% of general fund revenues and capital gains revenue in excess of 8% of the general fund to be put into the Budget Stabilization Fund (BSA). It would also require, from the 2015–2016 to the 2029–2030 fiscal years, that 50% of revenues that previously would have been deposited into the BSA to be put towards existing fiscal obligations. It also would create the Public School System Stabilization Account (PSSSA). It passed in the November2014 California elections.[1] It was supported byKristin Olsen,Bob Huff,Jeff Gorell,Jim Nielsen,[2] theCalifornia Democratic Party,[1] theCalifornia Republican Party,[3] theLeague of Women Voters of California,[4]Western Growers Association and the Rural County Representatives of California.[1] It was opposed byCREDO Action,[5] Potrero Hill Democratic Club,[6] theGreen Party, theLibertarian Party and thePeace and Freedom Party.[1]
| Result | Votes | Percentage |
|---|---|---|
| Yes | 4,831,045 | 69.12 |
| No | 2,158,004 | 30.88[1] |
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