Perez seeks revision of Calif. 'rainy day' measure

Associated Press
Perez seeks revision of Calif. 'rainy day' measure

Assembly Speaker John Perez, D-Los Angeles, unveiled a ballot proposal for a new rainy day account he says will protect the state from another economic downturn while appearing before the Sacramento Press Club in Sacramento, Calif., Wednesday, May 8, 2013.; Perez said his new ballot measure calls for the rainy day fund to be built with extra capital gains taxes from the wealthy rather than from the state's general fund.(AP Photo/Rich Pedroncelli)

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