It may be the best kept secret in politics: there's a statewide special election on May 19th that could have a greater impact on Sacramento's schools, fire stations, and budget than anything they're doing down at City Hall.

This special election is all about the state budget: the gaping $58 billion hole, and how the Governor and Legislature will go about fixing it. It includes new taxes, shifting of funds, the payback of funds to schools, and "modernizing" the state lottery so that it brings in more cash.

Led by Sacramento's own State Senate President pro Tem Darrell Steinberg, the California Teachers Association (CTA), and the California Professional Firefighters Association, the pro-reform forces http://www.cabudgetreformnow.com/splash.php?_c=xxzcw3j20w5zgp say these initiatives are a test of bipartisanship -- a compromise of both the left and the right that will keep the state afloat through tough times. Liberals won revenue increases, conservatives won a soft budget cap to prevent sharp rises in state spending, with the result being a balanced package that nobody seems to love but everyone can live with.

But there's plenty of opposition. On the right, the California Republican Party and the Howard Jarvis Taxpayers Association say any tax increases are acceptable. On the ultra-left, the California Faculty Association and some other labor unions say any cuts and a spending cap are unacceptable.

Meanwhile, the voting public is caught in the cross fire. According to some Field Poll numbers out today, all the initiatives except one are trailing in the polls. But these numbers might well be skewed because of what is expected to be a record low turnout. 

Pundits say the main reason voters aren't getting excited about this election is because the ballot initiatives are complex and confusing. 

But this much we know: if the initiatives fail to pass, there will be some immediate dire consequences.

As the newly-minted State Senate Republican leader told the Bee today, he will advocate for sharp reductions in state spending across-the-board. The CTA estimates that 75,000 teachers will lose their jobs in August. The California Professional Firefighters Association says it will lead to fire station closures. And health care providers would also be expected to see major cuts in services.

Sacramento's pols are near-unanimous in backing the initiatives. Mayor Kevin Johnson is expected to lead a press conference next week where he'll endorse the initiatives. Supervisor Roger Dickinson was at the California Democratic Party convention in Sacramento where he joined the overwhelming majority of delegates in supporting the propositions. Assemblymember Dave Jones supported the plan when it came to a vote earlier this year.

The Secretary of State's website features a guide to each of the initiatives -- well worth reading if you need to catch up with what's on the ballot. /www.voterguide.sos.ca.gov/title-sum/prop1a-title-sum.htm

(Full disclosure: I'm doing some work for the Yes! campaign)