A careful comparison of past biennial revenue estimates and actual revenues appears to indicate that revenue estimates are simply restatements of actual revenues from the previous two years, adjusted for any changes in tax policy or law.
Ban Foreign Funding in Ballot Propositions
Despite federal laws prohibiting foreign funding of candidate elections, foreign individuals and entities are still able to fund campaigns related to state and local ballot initiatives in multiple jurisdictions, creating a loophole that hostile foreign actors can exploit to influence American elections. Key points: Federal law prohibits foreign nationals from contributing to candidate campaigns or...