Friday, November 16, 2012
Since Prop. 30 revenues go directly into the general fund, they could theoretically be spent on anything -- even though the budget was balanced on the assumption the initiative would pass and the money would be devoted to education. According to the Los Angeles Times, state Treasurer Bill Lockyer, a Democrat, was inundated with phone calls from “activists of all stripes” on Election Day saying that now was the time to spend more money.
“They had to be reminded that the money has already been spent,” Lockyer said.