Like in every election, California this year has a few ballot measures that could dramatically impact how the state operates in the future. Governing reporter Liz Farmer discusses Proposition 2, which would increase the amount of potential savings in the state's rainy day fund from 5 to 10 percent of the General Fund. Then reporter Chris Kardish talks about Proposition 46, which would increase the cap on damages that can be assessed in medical malpractice lawsuits to over $1 million. But what's really going on with these initiatives? Our team breaks it down for you.
Read our full list of 2014 ballot measures to watch here.