In a not very surprising move the voters in California appear to have rejected a series of ballot measures intended to help cure the recent budget crisis. This means that the legislature and the Governator will have to figure out a way to work through about $ 20-40 billion in deficits through some other method.
As I previously discussed, this was basically a choice between two very bad options, either short term solutions that would result in higher taxes and spending cuts or forcing the legislature to work to a long term solution which will likely involve more of the same.
The only measure likely to pass is Proposition 1F which will put limits on the salaries of state officials during recession/depression years.