Gov. Gavin Newsom embraces an untested idea on how California’s rainy-day fund should work

on Jan13
by | Comments Off on Gov. Gavin Newsom embraces an untested idea on how California’s rainy-day fund should work |

“We think a court would conclude that the voters did not intend to restrict the Legislature’s authority to voluntarily transfer funds [to the rainy-day account], to limit the amount of voluntary transfers, or to limit the appropriation of those funds, because there is no express language to that effect,” it said.



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