Every claim about a ballot measure, traced to the source that made it.

Increases State's Rainy Day Fund. Legislative Constitutional Amendment.

Official summaryIncreases California's Rainy Day Fund, approved by voters in 2014, to provide funding for education, health care, public safety, and other essential services during economic downturns. Doubles the budget reserve cap from 10% to 20% of General Fund revenues, requiring savings until Fund's balance equals 20% of General Fund. Requires additional savings in years when tax revenues are high. Increases budget reserves available for education, state debts, and pension obligations. Summary of Legislative Analyst's Estimate of Net State and Local Government Fiscal Impact: State budget reserves would be higher.