California Proposition 57 (2004)

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Topic: California Proposition 57 (2004)

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	California Proposition 57 (2004) - Wikipedia, the free encyclopedia
		Proposition 57 was a proposition in the state of California on the March 2, 2004 ballot.
		Propositions 57 and 58 were the centerpiece of Gov. Arnold Schwarzenegger 's plan to resolve California's budget problems.
		Proposition 57 would only have gone into effect if Proposition 58 (the California Balanced Budget Act) also passed, which it ultimately did.
	www.wikipedia.org /wiki/California_Proposition_57_%282004%29

	Proposition
		California Proposition 58 (2004) Proposition 58 was a Proposition 57 (the California Economic Recovery Bond Act).
		California Proposition 57 (2004) Proposition 57 was a Proposition 58 (the California Balanced Budget Act) also passed, w...
		California Proposition 55 (2004) Proposition 55 was a public education facilities from elementary school through univers...
	www.brainyencyclopedia.com /topics/proposition.html

	California Proposition 57 (2004) - Wikipedia
		WÃ¤hle â California Proposition 57 (2004) suchen â um nach California Proposition 57 (2004) zu suchen.
		Ein WÃ¶rterbucheintrag zu California Proposition 57 (2004) hat seinen Platz im Wiktionary ( Wiktionary).
		Falls Du diese Seite soeben erstellt hast, kann es sein, dass die Aktualisierung der Datenbank verzÃ¶gert wurde.
	de.wikipedia.org /wiki/California_Proposition_57_(2004)

	Capital Center for Government Law and Policy - Proposition 57
		Finally, Proposition 57 complies with Section 2 of Article XVI of the California Constitution, because Proposition 57, which provides for the preparation, execution, issuance, and sale of bonds in California, is submitted to the electors in a form of a bond act at the March 2, 2004, statewide primary election. Id.
		Assembly Bill 9 (Oropeza) authorized Proposition 57 to be submitted to the voters at the March 2, 2004, statewide primary election. Cal. Assembly 9, 2003 Reg.
		8. Proposition 57 adheres to Section 1.5 of Article XVI of the California Constitution, because in drafting AB 9 the Legislature created and established a Fiscal Recovery Fund in the form of a General Obligation Bond Expense Revolving Fund for the handling of the proceeds from the issuance of the bonds.
	www.mcgeorge.edu /government_law_and_policy/california_initiative_review/march_2004/ccglp_cir_March2004_proposition_57.htm

	57
		California Proposition 57 (2004) Proposition 57 was a Proposition 58 (the California Balanced Budget Act) also passed, w...
		California State Highway 57 California State Highway 57 is a 25 mile long north-south Orange, at the interchange now com...
		Maybach 57 and 62 The 57 and 62 were the first models produced by Maybach after the automobile brand's revival.
	www.brainyencyclopedia.com /topics/57.html

	Green California - Proposition endorsements
		Once a part of Proposition 60 but separated from the proposition by the courts, Proposition 60A dedicates proceeds from the sale of state surplus property to pay principal and interest on the Economic Recovery Bonds approved by Proposition 57 in 2004, rather than being deposited to the General Fund.
		Green California does not support either the mandating of new county funds, nor shifting the control of such funds to the state, especially when the telephone tax is estimated to be $32 million a year.
		While the premise of Proposition 67 is innocuous enough -- a minor telephone tax to pay for uncompensated emergency and trauma medical care performed by hospitals, doctors and clinics -- the proposition also includes deceptive language that flies in the face of Green principles.
	www.greencalifornia.org /news/en_prop.html

	Proposition 60A -Surplus State Property
		The $15 billion in deficit bonds that Proposition 60A would pay down were authorized by the voters as Proposition 57 in the March 2004 primary.
		Proposition 60A would require that funds from the sale of surplus state property be used to pay down the $15 billion in deficit bonds included in the 2003-2004 budget package.
		SCA18 became Proposition 60 on the general election ballot, and was immediately challenged in court on the ground that it violated the state constitution's ban on multi-subject ballot measures.
	www.igs.berkeley.edu /library/htProp60ASurplusProp.html

	U.S. Newswire : Release : State Treasurer Phil Angelides Says Proposition 57 is Unfair, Jeopardizes California's LongTerm Prosperity
		The State Treasurer also believes that Proposition 57 is unfair and inequitable because it is the central provision of a budget plan proposed by the Governor which places the burden of solving our budget problems squarely on the backs of California's working families and children.
		If Proposition 57 passes, the taxpayers will be forced to pay back the $15 billion, plus $4 billion in interest, over the next decade -an average of $1,664 in principal and interest for every California household.
		California State Treasurer Phil Angelides, the leading opponent of Proposition 57 on the upcoming March 2nd ballot, says the measure "is unfair, irresponsible and jeopardizes California's long-term prosperity."
	releases.usnewswire.com /printing.asp?id=26628

	March 2, 2004 Election Information
		Propositions 57 and 58 pertain to the state’s fiscal crisis and figure prominently in Gov. Arnold Schwarzenegger’s state budget proposal for 2004-05.
		Whereas Proposition 57 is a one-time fix for a deficit incurred in the recent past, Proposition 58 seeks to prevent such a deficit from developing in the future and prevent the type of borrowing called for by Proposition 57.
		If Proposition 57 does not pass, and opponents of the $10.7 billion bond succeed in their legal challenge, state policymakers will have to find another way to address the deficit that has accumulated over the last three years.
	www.edsource.org /pubinvo_elect304.cfm

	California Hospital Association Election
		Proposition 58 would amend the state Constitution to require enactment of a balanced budget; create a special reserve, the Budget Stabilization Account, in the state General Fund; and, after issuance of the bonds authorized by Proposition 57, prohibit most future borrowing to cover budget deficits.
		Proposition 57, the Economic Recovery Bond Act, is Gov. Schwarzenegger's proposal to authorize a one-time bond of up to $15 billion to pay off the state's accumulated deficit.
		Moody's Investor Services, a crucial player in the state's finances, stated Feb. 4 that Proposition 57 is "the next key financial development for the state," and that passage or failure of the measure on the March ballot "will have immediate implications for the state's bond rating."
	www.calhealth.org /election.html

	LWVC: Voter Information for March 2004 election. About Bond Measures Proposition 55 & 57
		If, however, the bond proposed in Proposition 57 is approved and sold instead of the currently authorized bond, the ratio would increase by less in the near term-to between 6.4 and 6.9 percent annually between 2004-05 and 2008-09.
		The second bond measure on the March ballot is Proposition 57 which would authorize the state to issue a $15 billion bond to address the state's budget shortfall.
		None of this seems applicable to Proposition 57, unless one simply says it seems to be the only feasible alternative to address the deficit at the moment.
	www.ca.lwv.org /action/prop0403/bond_measures.html

	Proposition 57-58: The Right Opportunity for Economic Recovery
		Proposition 58 makes sure we never get in a deficit crisis again by requiring California politicians to balance the budget every year in the future, and prohibiting the kinds of reckless borrowing that helped to create this mess in the first place.
		Proposition 57 will refinance $15 billion in inherited debt at a time when interest rates are at an historic low.
		That is why they have put together in support of 57 and 58 the most diverse and bipartisan coalition of elected officials and organizations in the history of California ballot measures.
	www.caltax.org /member/digest/Winter2004/1.2004.McCarthy-Prop5758RightOpportunityEconomicRecovery.08.htm

	March 2, 2004 Primary Election - Proposition 57
		The bonds, when sold, shall be and constitute a valid and binding obligation of the State of California, and the full faith and credit of the State of California is hereby pledged for the punctual payment of both principal of, and interest on, the bonds as the principal and interest become due and payable.
		The Legislature hereby finds and declares that, inasmuch as the proceeds from the sale of bonds authorized by this title are not"proceeds of taxes" as that term is used in Article XIII B of the California Constitution, the disbursement of these proceeds is not subject to the limitations imposed by that article.
		(a) ACA 5 of the 2003—04 Fifth Extraordinary Session is submitted to and approved by the voters at the March 2, 2004, statewide primary election.
	primary2004.ss.ca.gov /propositions/prop57-text.html

	Gropinator
		But now as California governor, after the expensive recall campaign and commitments to push two measures on the March ballot, Schwarzenegger is turning increasingly to a core group of 10 old friends and business associates to help bankroll his campaigns.
		57 is a $15 billion bond measure to finance/refinance the state's debt.
		If voters don't pass the proposition and last year's bonds are rejected by the courts, the state would have to cut spending by as much as $11 billion next year.
	gropinator.blogspot.com /2004_02_01_gropinator_archive.html

	California Statewide November 2, 2004 General Election - Propositions
		In March of this year, voters approved Proposition 57, which authorizes the issuance of up to $15 billion in bonds to finance past budget deficits.
		This measure requires that proceeds from the sale of surplus state property that occur on or after the passage of this measure be used to pay the principal and interest on Proposition 57 bonds.
		(By comparison, total General Fund revenues in 2003-04 were roughly $75 billion.) By dedicating these surplus property proceeds to the debt service on Proposition 57 bonds, this measure would accelerate the bonds' repayment probably by a few months.
	www.voterguide.ss.ca.gov /propositions/prop60a-analysis.htm

	California Community Colleges - Board of Governors - February 17, 2004 Records of Action
		Therefore be it resolved, that the Board of Governors of the California Community Colleges supports and endorses the Economic Recovery Bond Act on the March 2004 ballot.
		Therefore be it resolved, that the Board of Governors of the California Community Colleges supports and endorses the California Balanced Budget Act on the March 2004 ballot.
		Whereas, the Economic Recovery Act on the March 2004 state ballot is a one-time bond of up to fifteen billion dollars to retire the deficit; and
	www.cccco.edu /executive/bog/records/record_0204.htm

	California Information Directory
		California is a huge state, and deserves a huge directory like this one.
		Inside, you'll find information about California's history, politics, news, attractions, and more.
	www.recallmoney.com /California/california-proposition-57-2004.html

	KCRW Election Connection 2004
		Proposition 57 : The Economic Recovery Bond Act.
		Proposition 55 : Kindergarten-University Public Education Facilities Bond Act of 2004.
		Proposition 58 : The California Balanced Budget Act.
	www.kcrw.org /election/ec2004/prop57.html

	The Legal Reader: California's Proposition 64 and Retroactivity
		Is Proposition 64, which "reformed" California's notorious "Unfair Competition Law" ( Cal.
		Is Proposition 64, which "reformed" California's notorious "Unfair Competition Law" (Cal. Business and Professions Code Sec.
		Posted by John at November 30, 2004 10:57 PM
	www.legalreader.com /archives/002179.html

	California Voter Foundation - California Online Voter Guide
		The California Secretary of State publishes the Official Voter Information Guide with both a Quick Summary and Detailed Information about Proposition 57.
		Other good nonpartisan resources include the League of Women Voters' Pro/Con Analysis and In-Depth Analysis of Proposition 57, and the Easy Reading Voter Guide.
		The Secretary of State can also tell you who is raising and spending money on Prop 57 through Cal-Access, its campaign finance website.
	www.calvoter.org /voter/elections/archive/2004/primary/props/prop57.html

	California Budget Project Publications - Ballot Propositions
		Gambling and the Future of California: Propositions 68 and 70, October 2004
		Proposition 13: Its Impact on California and Implications for State and Local Finances ( hard copy only), April 1997
		The Implementation of Proposition 10: The California Children and Families First Act of 1998, March 1999
	www.cbp.org /props.htm

	Labor, tech groups back bond measure / Governor, controller take Prop. 57-58 campaign to Bay Area
		Westly, a former EBay executive, is the most prominent Democrat supporting Proposition 57, which would let the state sell up to $15 billion in long-term bonds to refinance operating deficits built up over several years.
		57 as a way to refinance and consolidate the state's debt, and Prop.
		pass, but it won't solve California's real financial crisis, which is a long- term structural imbalance between revenue and expenditures.
	sfgate.com /cgi-bin/article.cgi?f=/c/a/2004/02/06/BUGMD4Q9TT1.DTL

	California Prop 57
		If we vote against proposition 57, then what is the solution to California's debt problem.
		Arnold's solution to the budget mess is to pass Proposition 57 and 58.
		In California, we finally ousted the seated Democrat governor and placed Arnold in power as our Republican governor.
	www.freerepublic.com /focus/f-chat/1074824/posts

	Poll: Voters favor Proposition 57 - 2004-02-24
		The charm of a movie star turned governor seems to be the key ingredient to growing support for Proposition 57 on California's March 2 ballot, according to results of a new poll released Tuesday by the nonpartisan Field Institute of San Francisco.
		57 is favored by 50 percent of people likely to vote in next week's election and just 36 percent opposed.
		The massive bond issue has been pushed by Gov. Arnold Schwarzenegger as the only way to plug the state's free-flowing red ink.
	www.bizjournals.com /sacramento/stories/2004/02/23/daily11.html

	Political Parrhesia: February 2004 Archives
		The CalPundit recently explained why he does not support Proposition 57, the $15 billion bond on Tuesday's California election ballot.
		As the California Budget Project (which takes no position on the proposition) explains in its analysis of Proposition 57 :
		If Proposition 57 (and its companion balanced budget measure, Proposition 58) pass, I do not believe Schwarzenegger will support a draconian spending cap measure.
	www.cheslog.com /craig/parrhesia/archives/2004_02.html

	Fair and True Deficit Reduction, by Paul O'Lague and John Bachar [Proposition 57, California budget]
		57 includes a fiscal cap on future spending and a $15 billion bond.
		We propose a different ballot measure that would get California back into the black and prevent painful cuts without crimping the financial lifestyle of one single Californian.
		Today we as a people seem to have forgotten that what makes America great is the spirit and lives of its citizens and not only its wealthy few.
	www.theava.com /04/0211-taxrich.html

	Keyword
		In a Sacramento Bee commentary he co-wrote in February 2004 with Democratic state Controller Steve Westly, he said Propositions 57 and 58 would "make sure we would never face another deficit crisis." "Under Proposition 58, California would have to live within its means," Schwarzenegger said.
		Contrary to the contentions made in the Register's Feb. 17 editorial ["Proposition package fails the test"], Propositions 57 and 58 are essential to the stability of California's state finances.
		Proposition 57 authorizes the state to borrow up to $15 billion to pay off short-term loans that come due in June and to help close next year's budget gap, expected to be about $17 billion. Most experts agree that without the bonds, California's already bleak economic outlook would turn decidedly worse.
	www.freerepublic.com /focus/keyword?k=prop57

	Political Animal: Discussion on Proposition 57
		Excerpt: Kevin Drum echoes my thinking on California's Proposition 57: So despite the undoubted problems it's going to cause, I think Californians ought to vote No on 57.
		Excerpt: THERE ARE FOUR STATEWIDE ISSUES on the March 2, 2004 ballot in California.
		Excerpt: Kevin Drum makes a pretty good argument on why he is voting no on Proposition 57
	www.washingtonmonthly.com /mt/mt-tb.cgi?__mode=view&entry_id=3352

	March 2, 2004 Election Information
		Propositions 57 and 58 pertain to the state’s fiscal crisis and figure prominently in Gov. Arnold Schwarzenegger’s state budget proposal for 2004-05.
		Whereas Proposition 57 is a one-time fix for a deficit incurred in the recent past, Proposition 58 seeks to prevent such a deficit from developing in the future and prevent the type of borrowing called for by Proposition 57.
		Propositions 56, 57, and 58 address the state’s current fiscal crisis and the gridlock frequently encountered in passing the state budget each year.
	www.edsource.org /pubinvo_elect304.cfm

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Topic: California Proposition 57 (2004)

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