Wednesday, March 11, 2020

California voters are no longer rubber stamping new taxes. Is failure of the 2020 Prop. 13 sign of a new tax revolt?

"California voters have rejected a $15 billion bond...."

"The opposition was led by the Howard Jarvis Taxpayers Association, which took particular issue with a provision that would have increased the limit on what a local school district could borrow, from 1.25% to 2% of assessed property value. The group feared that could have led to future tax increases to pay back the debt. The state should fund school facilities itself rather than adding to school districts' debt, the group said."