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Proposition 30 a relief for local schools

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Posted: Thursday, November 8, 2012 12:00 am | Updated: 11:43 am, Fri Nov 9, 2012.

Local schools are pleased that Proposition 30 passed, but officials say it's far from a full solution for a broken California education system. The proposition created temporary taxes to fund education and guaranteed local public safety funding.

The measure will increase taxes on earnings over $250,000 for seven years and sales taxes by a quarter-cent for four years. This is projected to average about $6 billion in revenue annually over the next few years. That money will go to prevent planned spending cuts for the 2012-13 school year. The money will also be available for the state's general fund.

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3 comments:

  • Doug Chaney posted at 6:01 pm on Thu, Nov 8, 2012.

    advocate Posts: 500

    Ms. Parigoris, the sky isn't falling, get over it and come up with a solution.

     
  • Kim Parigoris posted at 7:25 am on Thu, Nov 8, 2012.

    Kim Parigoris Posts: 470

    I work for an S Corp and there are many S Corps in California, so this is another tax on businesses in a roundabout way. Ever hear of the straw that broke the camel's back? Between state agencies regulations and policies such as Calfiornia Air Resources Board, new taxes with both 30 and 39, that camel's back is really really straining. We have already seen an exodus of businesses leaving California and we will be seeing more. So as all those big greedy taxpayers and businesses leave California, the 250,000 limit will slowly migrate down to the 200,000 then the 150,000 then the 100,000 until there is no one left to fuel this big hungry machine... GET THE SPENDING UNDER CONTROL.

     
  • Kim Parigoris posted at 6:13 am on Thu, Nov 8, 2012.

    Kim Parigoris Posts: 470

    Interesting report on Prop 30 and 98 here..Too much to recap in a couple sentences. http://www.stopprop30.com/wp-content/uploads/Proposition30StateSchoolFundingResearchPaper.pdf
    No guarantee that 1) these funds will reach the classroms 2) that there won't be pressure to extend this "temporary" tax increase when it expires..

     
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