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October 12, 2006

For your voting pleasure...

On the November ballot are two state ballot initiatives to increase funding for school construction, modernization and other facility needs statewide. One, is a sale of bonds to provide matching funds for local school districts, who have sold their own bonds and need additonal state money to get all of their projects done (p.s. there is one of these bond measures every election cycle, and it wins every time...)

The second is a Parcel Tax on Real Property. he parcel tax would go to fund 5 specific programs. A parcel tax would charge any property owners $50 a year to go towards these programs.

The Legislative Analyst office states the following:

"Over the past decade, voters have approved a total of $28.1 billion in state bonds for K–12 school facilities. Approximately $3 billion of these funds remain available for new construction projects."

K-12 class size reduction
Instructional materials
School Safety
Facilities Grants
Data systems

Here is a link to the Legislative Analyst's report on the Parcel tax

It's estimated the Parcel tax will bring in $450 million in new tex revenues every year. Yes Virginia, that would be called a tax increase.

Here is a link to the same analyst's report on the $10.4 billion bond issue prop.

For adHow will you be voting? Check back often for more updates and links.

Education Funding. Real Property Parcel Tax -- State of California (Initiative Constitutional Amendment and Statute - Majority Approval Required)
Should the California Constitution be amended to levy an annual $50 real property tax on most parcels with the funds allocated to five K-12 education programs?


Comments

Hi Tim:

I won't be voting for the parcel tax. As I understand it, parcel taxes do not have the limitations that regular assessments have where the dollar amount is fixed on infrastructure improvements. Parcel taxes usually leave the door open and are allowed to be spent on general fund needs.

Posted by: Scott Blough at October 13, 2006 06:29 AM
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