I too voted no on the props today. Our problems stem from the fact that we not only screwed up the property tax base with Prop. 13, but we've also voted in idiotic spending mandates like Prop. 98. It's a recipe for disaster. Plus, we're gerrymandered out the wazoo, as Graves said, and while there's a fix coming for that it hasn't taken effect yet. The only real fix for all of it is to rewrite the state constitution, since all of those lovely tax cuts and spending mandates were voted in as constitutional amendments. I'm hoping the failure of the props will spur exactly that.
—My comment on Megan McArdle's blog at The Atlantic