California Proposition 60A (2004)
From Ballotpedia
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California Proposition 60A was on the November 2, 2004 general election ballot in California as a legislatively-referred constitutional amendment, where it was approved.
- 7,776,374 (73.3%)
- 2,843,435 (26.7%)
Proposition 60A directed funds collected from the sale of surplus government property toward repaying the $15,000,000,000 in bonds authorized by the passage of Proposition 57 in March 2004. It was approved for the ballot by the California Assembly by a vote of 55-21 and by the California State Senate by a vote of 28-3.
The proposition was originally contained as part of Proposition 60 on the same ballot. Proposition 60 was challenged in court on the grounds that it violated the California Constitution's single-subject rule. In the case Californians for an Open Primary v. Shelley, petitioners wanted to remove the measure from the ballot altogether. On July 30, 2004, the California Third District Court of Appeal decided to allow Proposition 60 to remain on the ballot, but it ordered it to be split into two separate propositions. The surplus property provision was thus separated into Proposition 60A.
Official summary
- Dedicates proceeds from sale of surplus state property purchased with General Fund monies to payment of principal, interest on Economic Recovery Bonds approved in March 2004. When those bonds are repaid, surplus property sales proceeds directed to Special Fund For Economic Uncertainties.
Fiscal impact estimate
The California Legislative Analyst's Office provided an estimate of net state and local government fiscal impact for Proposition 60A. That estimate was:
- Net savings over the longer term-potentially low tens of millions of dollars-from accelerated repayment of existing bonds.
Campaign spending
According to Cal-Access, no committees were formed to support or defeat Proposition 60A.
Path to the ballot
Proposition 60 was voted onto the ballot by the California State Legislature via SCA 18.
| Chamber | Ayes | Noes |
|---|---|---|
| Assembly | 55 | 21 |
| Senate | 28 | 3 |
External links
- LAO analysis of Proposition 60A
- Official Voter Information Guide with text of Proposition 60A
- November 2004 election results from the California Secretary of State
- Guide to Proposition 60A from the California Voter Foundation
- Analysis of Proposition 60A from the Institute of Governmental Studies
