A poll conducted by USC and the LA Times of California voters shows that voters support paying down the state’s debt with reserve funds, over tax cuts and increasing the emergency fund.
Surprisingly, this was the least popular option:
Fourteen percent said the money should be used to cover the cost of pensions and healthcare for public workers, where the state has faced substantial shortfalls.
This goes to show that voters are increasingly aware of the enormous debts that California has rung up over the past few years. Lawmakers propose using a portion of all tax revenues for a variety of purposes, including debt, long-term costs, and a reserve fund to guard against recessions. The proposed amendment will reach the California ballot in November.