California Proposition 1, Taxing and Spending Powers Initiative (1973)
California Proposition 1 | |
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Election date |
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Topic Taxes |
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Status |
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Type Initiated constitutional amendment |
Origin |
California Proposition 1 was on the ballot as an initiated constitutional amendment in California on November 6, 1973. It was defeated.
A “yes” vote supported limiting the taxing and spending powers of the state, cities, counties, and other government agencies. |
A “no” vote opposed limiting the taxing and spending powers of the state, cities, counties, and other government agencies. |
Election results
California Proposition 1 |
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Result | Votes | Percentage | ||
Yes | 1,961,685 | 46.00% | ||
2,303,026 | 54.00% |
Text of measure
Ballot title
The ballot title for Proposition 1 was as follows:
“ | Tax and Expenditure Limitations | ” |
Ballot summary
The ballot summary for this measure was:
“ | Initiative Constitutional Amendment. Limits State expenditures; restricts use of defined surplus revenue to tax reductions, refunds, or emergencies. Constitutionally eliminates personal income tax for lower income persons, reduces others' 1073 tax up to 20% from surplus, and reduces subsequent year rates 7 ½ %. Requires two-thirds legislative vote for new or changed State taxes. Limits local property tax rates except school districts'. Requires State funding of new programs mandated to local governments. Provides for tax and expenditure limit adjustments when functions transferred. Contains special indebtedness obligation provision". Allows local tax rate and expenditure limit increases upon voter approval. Summary of legislative analyst financial impact estimate: $170,000,000 annual reduction in Sate tax revenues and probable undeterminable future revenue reductions; reduction in projected State program expenditures of estimated $620,000,000 in first year to $1,366,000,000 in fourth year and increasing thereafter, with probable substantial offsetting cost and tax increases to local government. The initiative provision exempting certain low income persons from income taxes and granting a one-time 20% credit on 1973 income taxes for all taxpayers has been accomplished by legislation passed August 23, 1973, granting low income persons exemptions and granting others a 1973 tax credit ranging from 20 to 35%. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
In California, the number of signatures required for an initiated constitutional amendment is equal to 8 percent of the votes cast at the preceding gubernatorial election. For initiated amendments filed in 1972, at least 520,806 valid signatures were required.
See also
External links
Footnotes
State of California Sacramento (capital) | |
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