California Money

Chris Megerian
May 30, 2014

Paying down debt is the best use of the state’s reserve fund, voters say in a new USC Dornsife/Los Angeles Times poll.

Using the money to fund public pensions and healthcare for retired state workers is the least popular option, according to the survey, which measured views on a variety of state issues.

How to handle California’s long-term finances has been a key issue this year, as the recession fades in the rearview mirror and state revenue continues to climb.

Twenty-four percent of voters favored debt payment. Twenty-one percent said state leaders should restore services cut during the recession, 16% said all of the money should be saved for future emergencies and 15% said the funds should be returned to Californians in the form of tax cuts.

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