California Special Election: Prop. 1C explained
What Proposition 1C would do: This "lottery modernization" measure represents the propositions' biggest new revenue source for next year's budget.
Quick take: The proposition would authorize state officials to borrow $5 billion that would be repaid by profits from a revamped California State Lottery. The measure proposes to increase lottery profits with better marketing and bigger prizes to attract more customers. The measure guarantees that money provided to schools by the lottery -- typically less than 2% of the education budget -- would come instead from the state general fund. State officials say that if Proposition 1C fails, they will have to cut billions of dollars more from the current budget.
-- Evan Halper
Recent coverage: Election Central
Discuss: Should the state expand the lottery and borrow $5 billion against projected future profits from it to balance the budget?
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