Senate Bill 1251 - California Financial Transparency Act of 2016 ​

July 31, 2016

Fact Sheet (PDF)

Bill Language (PDF)

Legislative Information

Letters of Opposition

SUMMARY

California voting participation is near all-time lows, in large part due to lack of available, reliable, and non-partisan data by which voters can analyze ballot decisions. This bill would provide voters with a simplified summary of California financial data, compiled and certified by a non-partisan state office, and printed in the front pages of the official California Voter Information Pamphlet, thereby providing Californians with credible data by which to make decisions.

PRESS

SHARE-WORTHY


Download & Share

Download & Share

RELATED AUDIO

  • California’s Fiscal Status | #SB1251 - “The fiscal status of California is rather dismal and the sad story is that the residents of California don’t even have a clue that that’s the case –Senator John Moorlach (R-Costa Mesa)
  • The Value & Necessity of Senate Bill 1251 | #SB1251- “So, how does a citizen of California know what the status of the financial condition of their state, county, or city is? They have to go to the Comprehensive Annual Financial Report (CAFR), which is more than a half-inch thick, which is something they’ll never ever do.” –Senator John Moorlach (R-Costa Mesa)
  • Giving Voters the Real Data | #SB1251 - “With Senate Bill 1251, we’re just saying: take the key components of the balance sheet and other income statement factors and put it in the Voter Pamphlet when we have referendums, initiatives, or ballot measures, and let the voters know how debt in debt we really are. Should we add on more bonds? Should we tax ourselves more? Let’s give them the real data.” –Senator John Moorlach (R-Costa Mesa)
  • The Value & Necessity of Senate Bill 1251 | #SB1251 - “Senate Bill 1251 will provide data on the balance sheet and income statement of the state of California in your Voter Pamphlet. It will help you in making decisions on propositions on the ballot that will pocket books of the citizens of the state.” –Senator John Moorlach (R-Costa Mesa)
  • Making More Intelligent Voting Decisions | #SB1251 - “When the voters are provided with the information in a succinct format on the balance sheet, on the debt status of the state in total, it will allow that voter to make more intelligent decisions dealing with the propositions on their ballot.” –Senator John Moorlach (R-Costa Mesa)