Proposition 1A

The most controversial measure on the May 19 ballot is Prop 1A. If passed, it would impose a state spending limit by setting aside money during boom years in a rainy-day fund and limiting what it could be used for. Additionally, there would be $16 billion in tax increases that could last as long as four years. Meanwhile, education funding rests on Prop 1A's passage. The funds for Prop 1B would not be appropriated without passage of Prop 1A. Larry Mantle finds out what Prop 1A means for California with Julie Soderlund of Budget Reform Now and Jon Coupal of the Howard Jarvis Taxpayers Association.

The most controversial measure on the May 19 ballot is Prop 1A. If passed, it would impose a state spending limit by setting aside money during boom years in a rainy-day fund and limiting what it could be used for. Additionally, there would be $16 billion in tax increases that could last as long as four years. Meanwhile, education funding rests on Prop 1A's passage. The funds for Prop 1B would not be appropriated without passage of Prop 1A. Larry Mantle finds out what Prop 1A means for California with Julie Soderlund of Budget Reform Now and Jon Coupal of the Howard Jarvis Taxpayers Association.