Your UC colleague Kevin Drum has provided a good rundown of the California initiatives you'll be voting on next week.
I think Proposition 56 is most crucial. Even the United States Senate exempts budget resolutions from the filibuster rule because this issue is too important and complex to leave open to obstruction. Consequently, the Senate can pass a budget with 51 votes while the California Legislature requres a 2/3 majority.
It's easy to see why the 2/3 rule is unsustainable. Within a legislative caucus, the party exerts enough discipline to keep pork at least a little under control. The more people you have to win over from the other side to support your budget, the more ridiculous pork projects you have to write into the budget to get it to pass, and the result is a pigsty.
The budget is an expression of partisan views, but it is also an essential tool for keeping the government running. Right now you have a large caucus that supports higher taxes and steady spending and a smaller caucus that supports steady taxes and lower spending. This difference goes to the very core of their partisan identities. What happens when you have to pass a budget that needs votes from both sides of this divide and pork won't answer the disagreement? Disaster. They compromise by borrowing money. Or they obstruct, refuse to pass a budget, and cause so much trouble that the state looks ungovernable and the governor loses his job to someone whose promises will only worsen the situation.
California is doomed.
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