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Sen. Mark Leno, D-San Francisco, called on members of the Senate to approve a measure to place a rainy day fund on the November ballot, during the Senate session at the Capitol in  Sacramento, Calif., Thursday, May 15, 2014.  Receiving bipartisan support, lawmakers in both houses approved the bill that will place a proposed constitutional amendment before the voters that will create a budget reserve funded primarily from excess capital gains revenue during boom years as well as an annual contribution equal to 1.5 percent of the state's general fund. (AP Photo/Rich Pedroncelli)

Sen. Mark Leno, D-San Francisco, called on members of the Senate to approve a measure to place a rainy day fund on the November ballot, during the Senate session at the Capitol in Sacramento, Calif., Thursday, May 15, 2014. Receiving bipartisan support, lawmakers in both houses approved the bill that will place a proposed constitutional amendment before the voters that will create a budget reserve funded primarily from excess capital gains revenue during boom years as well as an annual contribution equal to 1.5 percent of the state's general fund. (AP Photo/Rich Pedroncelli)

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