If you're a registered voter in California, I'm hoping that you'll join me in voting against 1C. Borrowing money to cover a transient shortfall is not going to solve the problem - it's just going to pass the shortfall on to the future, with interest. We're still paying off the debt from 2004's bonds (which were supposed to pay off the debt... see a pattern here?), we don't need to be paying MORE interest on MORE debt.
The budget shortfall means we need to either cut expenditures or raise revenues. Or, most likely, both. 1C MIGHT raise revenue, but it WILL raise expenditures. Giving wealthy investors the ability to siphon off our lottery profits indefinitely is not going to balance California's budget.