Free Republic

Calif. Voters Reject Measures to Keep State Solvent By JENNIFER STEINHAUER Published: May 20, 2009 LOS ANGELES — A smattering of California voters on Tuesday soundly rejected five ballot measures designed to keep the state solvent through the rest of the year. The results dealt a severe setback to the state’s fragile fiscal structure and to Gov Arnold Schwarzenegger and the state legislators who cobbled together the measures as part of a last-minute budget deal passed in February.The measures, which would have prolonged tax increases, capped state spending, earmarked money for education and involved the state in a complex borrowing...