Under the headline "California Voters Approve Higher Taxes," the Wall Street Journal (11/8, Vara, Subscription Publication) reports that California voters approved Gov. Jerry Brown's (D) Proposition 30, painting the vote as a victory for Brown, noting that it is projected to generate some $6 billion in revenues, and quoting him saying, "Last night, Californians made the courageous decision to protect our schools and colleges and strengthen the California dream. The people of California have put their trust in a bold path forward and I intend to do everything in my power to honor that trust."
The AP (11/8) reports that Brown "took a big step toward delivering on a campaign promise he made two years ago to fix the state's perpetual budget deficits and to raise taxes to do it only if voters agreed. Brown said voters put their trust in his plan during Tuesday's election by approving Proposition 30, which raises the statewide sales tax and boosts income taxes on the wealthy." Brown "said Wednesday that Proposition 30 will put California on a course to fiscal stability after five years of battering by the recession. He characterized his victory as 'a vote of confidence with some reservations.'"
Reuters (11/8, Russ) reports also covers Proposition 30's passage, noting that it contributed to a total of $30.8 billion in new state and municipal bond debt approved by voters across the country Tuesday.
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