David Gamage Analyzes Budget Impact of California’s Proposition 1A

KTVU News, April 26, 2009 by Diane Guerrazzi
http://www.youtube.com/watch?v=nXTjbd0-n5c

“It’s most important long term aspect is it significantly improves California’s rainy day fund, our budget stabilization fund. What 1A requires the state to do is save more of the extra revenues that the state generates during good economic times. The idea is to give the government more flexibility to deal with downturns.”