YES Proposition 118 - The Explorer: Elections 2012

YES Proposition 118

A "yes" vote shall have the effect of changing the distribution formula for the State Land Trust Permanent Endowment Fund, which funds various public institutions, including schools, to be 2.5% of the average monthly market values of the Fund for the immediately preceding five calendar years.  The change would affect fiscal years 2013 through 2021.

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