North Carolinians must rely on the General Assembly to enact much-needed budget reforms, but voters in California, Colorado, Oklahoma, South Carolina, and Virginia are all considering budget changes, as Bloomberg Businessweek reports:
Colorado voters will consider amending their constitution to ban state borrowing as of 2011. If approved, Colorado would be the only state prohibited from issuing bonds to fund infrastructure projects, according to the National Conference of State Legislatures. The measure would also impose new borrowing limits on all local governments. California voters will decide whether its legislature can adopt a spending plan with a majority instead of the current two-thirds vote, a requirement that contributed to a record 100-day delay in approval of a budget this year. Oklahoma, South Carolina, and Virginia voters will consider proposals to boost rainy-day funds for state emergencies.
