• A one time Economic Recovery Bond of up to fifteen billion dollars ($15,000,000,000) to pay off the state's accumulated General Fund deficit as of June 30, 2004.
• The Economic Recovery Bond will only be issued if the California Balanced Budget Act is also approved by the voters.
• The bonds will be secured by existing tax revenues and by other revenues that could be deposited in a special fund.
| State of California |
|
|
Total Votes Cast |
|---|---|---|---|
| Totals |
25,820 |
17,715 |
43,535 |
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