Endorsements

No Endorsement for President
The final tally gave a slight lead to Barack Obama; however, he did not receive 60% of the required votes cast.

NO on Proposition 91:  Transportation Funds.  Initiative Constitutional Amendment
Prohibits certain motor vehicle fuel taxes from being retained in General Fund and delays repayment of such taxes previously retained.  Changes how and when General Fund borrowing of certain transportation funds is allowed.  Fiscal Impact:  Increases stability of state funding for highways, streets, and roads and may decrease stability for state funding for public transit.  May reduce stability of certain local funds for public transit.

YES on Proposition 92:  Community Colleges.  Funding, Governance, Fees.  Constitutional Amendment and Statute  
Establishes independent community college districts and Board of Governors.  Requires minimum funding for schools and community colleges to be calculated separately.  Sets fees at $15/unit and limits future increases.  Fiscal Impact:  Increased state spending on K-14 education from 2007-08 through 2009-10 averaging about $300 million annually, with unknown impacts annually thereafter.  Potential loss in community college student fee revenues of about $70 million annually.

YES on Proposition 93:  Limits on Legislators' Terms in Office.  Initiative Constitutional Amendment
Reduces permissible state legislative service to 12 years.  Allows 12 years service in one house.  Current legislators can serve 12 years in current house, regardless of prior legislative service.  Fiscal Impact:  None

NO on Propositions 94-97
"Yes" Vote approves, and "No" Vote rejects, a law that ratifies and amendment to existing gaming compact between the state and [4] Indian Tribes. 

Financial Implications: Net increase in state revenues in tens of millions of dollars (each initiative) growing over time through 2030.