California has serious budget problems. May 19th, five propositions, 1A through 1E, are on the ballot of a special election that will directly affect the future of the state (there's a sixth, 1F, but it isn't important for our purposes right now).
If they fail – and all indications are that they will – the state budget shortfall will reach $21.3 billion. The legislature's Chief Budget Analyst says the state could be broke by July.
See why I'm worried? This is exactly the same scenario that allowed Governor Schwarzenegger to veto AB 5 (in its previous rendition) the last time!
Will we see a repeat? Governor, my advice; please don't play politics with a much-needed set of regulations.
