Tuesday, November 4, 2014

Proposition 2, to build state rainy-day fund, passes

Los Angeles Times | November 4, 2014 | 9:20 PM

Placed on the ballot by Gov. Jerry Brown and the Legislature, this measure will require state officials to put aside at least 1.5% of the general fund every year.

Money may be withdrawn only when the governor and the Legislature declare a fiscal emergency.

For the latest information go to www.latimes.com.

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