Proposition 1A, which was failing 36 percent to 64 percent, would have limited state spending to inflation plus 3 percent above a 10-year average. Revenue exceeding that cap would have been deposited in a rainy day fund that could only be spent during deficit years. Any surplus amounting to more than 12.5 percent of the general fund would have been available for one- time needs or to pay down debt. The measure also would have extended three temporary tax raises approved in February.

Proposition 1B would have required the state to pay $1.5 billion from the rainy day fund to schools for six years starting in 2011. It was failing 39 percent to 61 percent.

Proposition 1C, which would have allowed the state to sell $5 billion of bonds backed by future lottery proceeds and use the money for the budget, was losing 37 percent to 63 percent.

Proposition 1D would have allowed the state to strip $600 million over five years from a program that spends tobacco tax revenue on children’s health. It was failing by a 36 percent to 64 percent margin.

Proposition 1E would have allowed lawmakers to siphon $250 million a year from a mental health services program financed by an income-tax increase approved by voters in 2004. It was losing 35 percent to 65 percent.

Proposition 1F, which prohibits state lawmakers and elected officers from salary raises in years when the state is running a deficit, was winning 75 percent to 25 percent.

http://news.yahoo.com/s/bloomberg/20090520/pl_bloomberg/aknphahhhky8;_yl...