Initiative

Attorney General File #: 2005-031

The California Live Within Our Means Act (version 1)
March 2, 2005
HTML PDF

This measure: eliminates the operation of Test 3 and maintenance factors; provides that future overappropriations may be counted as one-time funding, which would not raise the base upon which future Proposition 98 calculations are made; requires the payment of settle-up obligations for years prior to 2004-05 to be paid within 15 years; and converts the 2005-06 outstanding maintenance factor to a one-time obligation that is required to be paid within 15 years.

Search Initiatives Years: Search Term*: Attorney General File Number: (e.g. 2011-002)

The LAO and the Department of Finance jointly prepare an analysis of the fiscal impact of each initiative prior to it being circulated for signature gathering. Information in these letters is used by the Attorney General's Office to prepare the official "title and summary" for each measure. * Searches LAO subject and summary text only. Use one or two words ("marriage" or "income tax") for best results.