Prop 1A

Proposition 1A is a proposed California ballot measure that aims to protect the state's budget stability by establishing a rainy-day reserve fund. It prevents the state from borrowing money or reducing funding for education and health services during economic downturns. Instead, the state will save money during good times, which can then be used in bad times to maintain essential services and avoid cuts. Essentially, Prop 1A seeks to promote fiscal discipline, ensuring California can better manage revenue fluctuations without harming vital programs.