LAO Reports State Budget Proposition 76: Key Issues and Fiscal Effects September 30, 2005      Full Report:     HTML    PDF     Proposition 76 on the November Special Statewide Election ballot is a complex measure that would have far-reaching effects on the state budget. In this report, we describe the measure’s key provisions and provide answers to some of the questions that have been raised about its potential impacts on state and local governments. The report has been prepared to facilitate testimony at a legislative joint overview hearing on the measure.