SDCTA Opposes State Prop.1A, Budget Stabilization Act, 2009
Proposition 1A, also known as the Budget Stabilization Act, is presented as spending discipline and reform. However, this measure would increase taxes by $12.5 billion dollars through FY 2012-13. It would also rename an existing "reserve" and earmark expenditures out of that account to benefit education and make various debt payments if Proposition 1B passes. Additionally, the spending "limit" that would be implemented through passage of this measure would increase whenever the legislature approves a permanent tax increase.