How much did the Governor veto from the Budget?
See Chart P-1, Historical Data, Budget Act Dates and Veto Information. • Does the State live within its means? Does it balance its budget? For the General Fund, this can be viewed in at least two ways. Does the General Fund take in more than it spends (called an operating surplus)? Also, does the state spend less than its resources (Beginning Balances and Revenues)? See Chart J, Historical Data Growth, Revenues, Transfers and Expenditures, General Fund; and Chart H, Historical Data, Proposed, Enacted, Mid-Year Revised, and Actual Expenditure Data, General Fund. (Return) • Does the State have a spending or appropriation limit? What is Proposition 4? Proposition 4 is an initiative passed in November 1979 which generally limits the growth in the level of certain appropriations from tax proceeds to the level of the prior year’s appropriation limit as adjusted for changes in the cost of living and population. See Chart L, Historical Data, State Appropriations Limit; Schedule 12A, State Appr
