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This is why I hate ballot referenda

May 21, 2009

California's vote on budget issues yesterday is another reason why I hate ballot initiatives.

It's very easy to say "no" and then step aside. Viewing the election from Down Under, the Sydney Morning Herald nailed the implications of the vote:

By rejecting five budget measures, Californians also brought into stark relief the fact that they, too, share blame for the political dysfunction that has brought California to the brink of insolvency.

Voters in the special election refused either to extend new tax increases or to cap state spending. They also declined to unlock funds that they had voted in better times to set aside for special purposes.

Nearly a century after the Progressive-era birth of the state's ballot-measure system, it is clear that voters' fickle commands, one proposition at a time, are a top contributor to paralysis in Sacramento. And that, in turn, has helped cripple the capacity of the Governor and Legislature to provide effective leadership to a state of more than 38 million people.

How come observers in Australia have a clearer view than residents of the Golden State?

Now California's lawmakers face a June 30 deadline to close the state's $21.3 billion budget gap. I don't think this is what Arnold planned when he said "I'll be back."

You can find more coverage of the election and its consequences at:

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The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

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TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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