LOS ANGELES -- A California taxpayers group said Monday it failed to gather enough signatures to place on a statewide election ballot a proposed constitutional amendment to require two-thirds voter approval for the issuance of most types of local bonds.

The group, Paul Gann's Citizens Committee Inc., fell about 50,000 signatures short of collecting the required 615,958 signatures by last Friday, the deadline set by the California secretary of state's office. The office allows 150 days for petition drives to gather signatures.

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