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(Sacramento) - The California State Legislature has unanimously passed Assembly Constitutional Amendment 1 (Second Extraordinary Session), which replaces the current Rainy Day Fund on the November 2014 ballot. "A real Rainy Day Fund to end the cycle of boom and bust has been one of the cornerstones of the Assembly's efforts to ensure California's fiscal stability," said Speaker Toni G. Atkins (D-San Diego). The author of the legislation, Speaker Emeritus John A. Pérez (D-Los Angeles) says he's pleased with the bipartisan support for fiscal responsibility, "This is a strong proposal for the voters to consider, and I am very proud of the work we have done on a bipartisan basis to take another monumental step forward in making California a model for fiscal responsibility across the country." Here's more from Speaker Emeritus Pérez and other Assemblymembers in this Assembly Access video.