CA Election 2010 - Proposition 22

This one is described as "Prohibits the State from borrowing or taking funds used for transportation, redevelopment, or local government projects and services."

I will admit, I'm not really sure what the point of this proposition is. Based on my reading it seems that normally the State takes the luxury of borrowing funds collected by local governments during the part of the year when State revenue is low. But those funds have to be paid back.

So, as far as I can tell it's mainly a case of people who feel that the State is meddling in local affairs and don't like it. Of course, it seems like if this passes then suddenly the State needs to find another source of money or cut more services and this makes the existing budget less flexible.

The printed arguments, for and against, are both sensationalist drivel. So it's hard to get an idea of what's really behind this proposition.

At the moment I'm leaning towards "no."