Democrats want California voters to give them more flexibility over spending
Key takeaways
- At a time when our essential services are under pressure, we have a responsibility to safeguard the programs and investments that Californians rely on.”
- Assembly Constitutional Amendment 20, which Democrats are calling the “Save for California’s Future Act,” could receive push back from taxpayer advocates.
- Tax revenue above the limit must be divided between schools and refunds to taxpayers.
Flags fly at the California State Capitol on Feb. 11, 2025, in Sacramento. (Jungho Kim / For The Times) By Taryn Luna Senior Sacramento Reporter Follow June 23, 2026 2:56 PM PT 3 min Click here to listen to this article Share via Close extra sharing options Email Facebook X Linked In Threads Reddit Whats App Copy Link URL Copied! Print 0:00 0:00 1x This is read by an automated voice. Please report any issues or inconsistencies here.
SACRAMENTO — Gov. Gavin Newsom and Democratic leaders of the California Legislature plan to approve a proposed constitutional amendment this week that would ask voters to give them more flexibility over state spending and allow them to save money that could otherwise go back to taxpayers.
The proposal seeks to exempt deposits into state savings accounts from a spending limit that voters adopted through a series of ballot measures dating back to the late 1970s and to increase the share of tax revenue that can be put into the rainy day fund.