This is the alternative to Prop 30. It is being pushed by Molly Munger.
The biggest criticism of this proposition is that the consequences may be completely unappreciated this many years out. To lock in funds without knowing the potential nature and degree of change in our future institutions is dangerous guesswork.
It sounds good, but from our reading - Proposition 30 is better balanced.
also . . .
League of Women Voters of California Education Fund Website