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Initiative to Rewrite the Entire State Constitution Takes a Step Forward

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In the latest status update on ballot propositions from the California Secretary of State, an interesting and game-changing one was cleared for its signature gathering stage earlier this week. If approved by the voters, here's what it would do the state constitution:

  • Reduces legislative approval requirement for State budget from two-thirds to a simple majority
  • Increases the budget cycle from one to two years
  • Sets State income tax rate at 5% plus an additional 1% for incomes over $100,000 and an additional 1.5% for incomes over $1,000,000
  • Eliminates State Lottery
  • Increases voter-approval requirement for initiatives
  • Increases the number of terms elected officials can serve in the Legislature