Rainy day fund

So, if you're looking at, oh, will the bonds get paid? Well, it's more likely if you have a dedicated fund that already has dollars in it.

The other way he's doing it is putting money in, quote, the "Rainy Day Fund", and again, this leaves money available.

Now, keep in mind that this is like me putting money in my savings account, but not paying the minimum on my credit card.

The governor goes ahead and shorts his, puts money in this, quote, "Rainy Day Fund", but shorts the pensions by $5 billion every year.

But the credit ratings gave him a, an upgrade because there's more dollars available.

Um, this puts more risk on the taxpayers, that less money's available to pay for other things because the bonds take precedent.

Put away your surplus during the years of great plenty, so you'll be ready for the lean years which are sure to follow.

In 2014, Brown persuaded voters to strengthen the state's rainy day fund, the pot of money created to make sure that California is saving when the good times are good while also paying down its debts.

Now, fast forward to today and Proposition 2, which asks voters to make that rainy day fund even bigger.

I'm Erika Cruz-Guevara, host of The Bay.

And I'm Olivia Ellen Price, host of Bay Curious.

Today, we're discussing Proposition 2.

It reads like this on your ballot.

Prop 2 increases state's rainy day fund.