# 2004 California Proposition 58

Elections in California :
Federal government
U.S. President
1852
1856
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1892
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Rep
2000
Dem
Rep
2004
Dem
Rep
2008
Dem
Rep
2012
Dem
Rep
2016
Dem
Rep
2020
Dem
Rep
2024
Dem
Rep
U.S. Senate
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1850
1852 sp
1856
1857 sp
1860
1860 sp
1868
1872
1873
1873 sp
1878
1880
1885
1886 sp
1887
1891
1891 sp
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1900 sp
1903
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1946 sp
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1980
1982
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1988
1992
1992 sp
1994
1998
2000
2004
2006
2010
2012
2016
2018
2022
2022 sp
2024
2024 sp
2028
U.S. House of Representatives
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1851
1852
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12th
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5th sp
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32nd sp
2002
2004
2005
5th sp
48th sp
2006
50th sp
2007
36th sp
2008
12th sp
2009
10th sp
32nd sp
2010
2011
36th sp
2012
2014
2016
2017
34th sp
2018
2020
25th sp
2022
22nd sp
2024
16th
20th sp
30th
45th
47th
vte :
State government
Executive Governor
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1982
1986
1990
1994
1998
2002
2003 (recall)
2006
2010
2014
2018
2021 (recall)
2022
2026
Lieutenant governor
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1954
1958
1962
1966
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1982
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1994
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2002
2006
2010
2014
2018
2022
2026
Attorney general
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1974
1978
1982
1986
1990
1994
1998
2002
2006
2010
2014
2018
2022
Secretary of state
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1974
1978
1982
1986
1990
1994
1998
2002
2006
2010
2014
2018
2022
Treasurer
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1998
2002
2006
2010
2014
2018
2022
Controller
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1998
2002
2006
2010
2014
2018
2022
Insurance commissioner
1994
1998
2002
2006
2010
2014
2018
2022
Superintendent
1994
1998
2002
2006
2010
2014
2018
2022
Board of equalization
2018
2022
Legislature Senate
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2010
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2022
2024
Special
Assembly
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2010
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2014
2016
2018
2020
2021 (79th sp)
2022 (17th sp)
2024
Special
Judiciary Court of appeals
1994
1998
2002
2006
Elections by year
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1994
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1998
2000
2002
2004
2005
2006
2008
Feb
Jun
Nov
2009
2010
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Nov
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Jun
Nov
2014
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2018
2020
2022
2024
vte :
State propositions
1910–1919
1911
4
7
8
1960–1969
1964
14
1970–1979
1978
6
8
13
1980–1989
1982
8
1986
64
65
1988
98
99
1990–1999
1994
187
1996
196
209
215
218
1998
6
10
227
2000–2009
2000
21
22
36
39
2003
53
54
2004
1A
55
56
57
58
59
60
60A
61
62
63
64
65
66
69
71
2005
73
74
75
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79
80
2006
81
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90
2008
91
92
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94, 95, 96, and 97
98 and 99
1A
2
3
4
5
6
7
8
9
10
11
12
2009
1A
1B
1C
1D
1E
1F
2010–2019
2010
13
14
15
16
17
19
20
21
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23
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25
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27
2012
29
30
32
34
37
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39
2014
1
2
41
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48
2016
50
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2018
68
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72
6
7
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9
10
11
12
2020–2029
2020
13
14
15
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19
20
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25
2022
1
26
27
28
29
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31
2024
1
2
3
4
5
6
32
33
34
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36
Full listvte :
Los Angeles County
Los Angeles County Board of supervisors
1980
1996
2006
2008
2010
2012
2014
2016
2018
2020
2022
2024
Ballot measures
1980
A
2008
R
2012
B
J
2016
M
Elections
2020
2022
2024
Los Angeles Mayor
1896
1898
1900
1902
1904
1906
1909 (sp)
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1911
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2013
2017
2022
City attorney
2009
Ballot measures
1986
U
2017
S
Elections
2009
2011
2013
2015
2017
2019 (sp)
2020
2022
2023 (sp)
2024
Long Beach Mayor
1994
1998
2002
2006
2010
2014
2018
2022
vte :
Orange County
Orange County Board of supervisors
2018
2020
2022
2024
District attorney
2018
Anaheim Mayor
2002
2006
2010
2014
2018
2022
Irvine Mayor
1988
1990
1992
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1996
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2000
2002
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2024
Costa Mesa Municipal
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vte :
Sacramento
Mayor
2000
2004
2008
2012
2016
2020
2024
vte :
San Diego County
San Diego County Board of supervisors
2020
San Diego Mayor
1887
1889
1891
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1899
1901
1903
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1907
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1911
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2013–14 (sp)
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2024
City attorney
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2008
2012
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2020
City council
2002
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2024
Special
vte :
San Francisco
Mayor
1901
1903
1905
1907
1909
1911
1931
1935
1939
1943
1947
1951
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1967
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1983 (recall)
1983
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1991
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2007
2011
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2018 (sp)
2019
2024
District attorney
2019
2022 (recall)
2022 (sp)
2024
Board of supervisors
1977
1996
1998
2000
2002
2004
2006
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2010
2012
2014
2016
2018
2020
2022
2024
Board of education
2018
2022 (recall)
Elections
2004
Mar
Nov
2005
2006
Jun
Nov
2007
2008
Feb
Jun
Nov
2009
2010
Jun
Nov
2011
2012
Jun
Nov
2013
2022
Feb
vte :
San Jose
Mayor
1974
1978
1982
1986
1990
1994
1998
2002
2006
2010
2014
2018
2022
2024
vte :
Other localities
Bakersfield
Mayoral elections:
2004
2008
2012
2016
2020
2024
Fresno
Mayoral elections:
1996
2000
2004
2008
2012
2016
2020
2024
Oakland
Mayoral elections:
1994
1998
2002
2006
2010
2014
2018
2022
Riverside
Mayoral elections:
1997
2001
2005
2009
2012
2016
2020
2024
San Bernardino
Mayoral elections:
2005
2009
2014
2018
2022
Stockton
Mayoral elections:
2008
2012
2016
2020
2024
vte :
vte :
Proposition 58 was a California ballot proposition on the March 2, 2004 ballot. It passed with 4,535,084 (71.2%) votes in favor and 1,841,138 (28.8%) against. It was officially called the California Balanced Budget Act. It requires the state legislature to pass a balanced budget every year, which means that budgeted recurrent expenditure, including repayment of past debt, does not exceed estimated revenue. The act does not require that capital works programs be funded out of current revenues. The California Constitution has always allowed bond issues (state debt) for specified capital works, above a certain value. Bond measures must be approved by a statewide ballot.
The Act created a reserve fund called the Budget Stabilization Account in case of future financial trouble. It also prevented the creation of any future bonds to pay off deficits like that in Proposition 57 (the California Economic Recovery Bond Act). Proposition 58 took effect only because Proposition 57 also passed.
Propositions 57 and 58 were the centerpiece of Governor Arnold Schwarzenegger's plan to resolve California's budget problems. Schwarzenegger campaigned heavily for both propositions' passage.
While Prop 58 was to provide balanced California budgets, the deficits continued in subsequent years, growing larger over time.

## Official summary

* Requires enactment of a balanced budget where General Fund expenditures do not exceed estimated General Fund revenues.
* Allows the Governor to proclaim a fiscal emergency in specified circumstances, and submit proposed legislation to address the fiscal emergency.
* Requires the Legislature to stop other action and act on legislation proposed to address the emergency.
* Establishes a budget reserve.
* Provides that the California Economic Recovery Bond Act is for a single object or work.
* Prohibits any future deficit bonds.
Summary of Legislative Analyst's Estimate of Net State and Local Government Fiscal Impact:
* Unknown net state fiscal effects, which will vary year by year and depend in part on actions of future Legislatures.
* Reserve provisions may smooth state spending, with reductions during economic expansions and increases during downturns.
* Balanced budget and debt limitation provisions can result in more immediate actions to correct budgetary shortfalls.