Dan Walters

Dan Walters

Ballot Watch: California’s Proposition 2 would expand rainy-day reserve

Will Proposition 2 finally settle the years-long debate over budget reserves? Supporters say the measure will be much more effective than Proposition 58, which lawmakers suspended in almost every year since it took effect. The loudest complaints have come from the group Educate Our State, which contends that the separate school reserve created by Proposition 2 would divert too much money from schools.

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