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February 12th, 2004 CALIFORNIA PUBLIC SAFETY OFFICIALS TO ENDORSE PROPOSITIONS 57 AND 58
SACRAMENTO – A virtual who’s who of California public safety leaders, organizations and associations will throw their support behind Propositions 57 and 58 at an event with Governor Arnold Schwarzenegger tomorrow in Orange County. Joining the Governor will be representatives from 14 of the state’s largest and most prominent public safety organizations:
- California State Sheriffs Association
- California State Firefighters Association
- Peace Officers Research Association of California
- California District Attorneys Association
- Association for Los Angeles Deputy Sheriffs
- Association of Orange County Deputy Sheriffs
- California Association of Highway Patrolmen
- California Coalition of Law Enforcement Associations
- California Fire Chiefs Association
- California Metropolitan Fire Chiefs
- California Narcotic Officers’ Association
- California Organization of Police and Sheriffs
- California Peace Officers’ Association
- California Police Chiefs Association
Proposition 57 provides for a one-time $15 billion Economic Recovery Bond to refinance past budget deficits while interest rates are low. This allows California to start over with a balanced budget and gets the fiscal mismanagement of the past behind us. Proposition 58 makes sure we never get in a deficit crisis again by requiring California politicians to balance the budget every year in the future and prohibiting bond financing of any future deficits. It also creates a “rainy day savings account” to be used for paying the bonds off early and helping the state through any future economic downturns.
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