Updated at 11 p.m. Wednesday, Oct. 24
Passage of Proposition 38 "would be a great thing'' for schools in the Santa Monica-Malibu Unified School District, the president of the Santa Monica-Malibu PTA Council said.
Supporters say the income tax increase on the November ballot would bring more than $10 million to district schools in the 2013-2014 school year and more than $24 million in the 2023-24 school year.
"Proposition 38 is a visionary and transformative solution,'' Patti Braun said at a rally at Clover Park. "We want a brand new funding stream that will guarantee every school will get what it needs and prohibit Sacramento from touching the money.''
Proposition 38 would increase personal income tax rates for 12 years for annual earnings over $7,316 using a sliding scale from 0.4 percent for the lowest individual earners to 2.2 percent for individuals earning more than $2.5 million.
During the first four years, 60 percent of revenues would go to schools from kindergarten through 12th grade, 30 percent to repaying state debt and 10 percent to early childhood programs. Thereafter, 85 percent of revenues would go to schools from kindergarten through 12th grade and 15 percent to early childhood programs.
The increase would be roughly $5 billion in the 2012-13 fiscal year, $10 billion in the 2013-2014 fiscal year and tending to increase over time, according to an estimate from the Legislative Analyst's Office and Director of Finance Ana J. Matosantos.
Opponents of Proposition 38 call it a "flawed, costly and misleading initiative'' that would hurt small businesses, as many small business owners pay personal income taxes rather than corporate taxes. The rival measure backed by Gov. Jerry Brown, Proposition 30, would increase the sales tax by a quarter-cent on the dollar for four years and raise the income tax on annual earnings over $250,000 for seven years.
The increased revenues would result in an increase to the minimum guarantee for schools and community colleges under terms of Proposition 98, approved by voters in 1988. Revenue generated by Proposition 30 would be deposited into a newly created state account, the Education Protection Account.
Of the funds in the account, 89 percent would be devoted to schools from kindergarten through 12th grade and the other 11 percent to community colleges. Each school district would receive at least $200 per student in funds from the account and each community college district at least $100 per full-time student.
The measure also would guarantee funding for public safety services realigned from state to local governments. Proposition 30 would generate an additional $6 billion in state tax revenues from the 2012-2013 through 2016-17 fiscal years, according to an estimate from the state's Legislative Analyst's Office and Matosantos. Smaller amounts would be generated in the 2017-18 and 2018-19 fiscal years. Brown has called Proposition 30 "modest, fair and temporary.''
Opponents of Proposition 30 say its passage would hurt small business and job creation, and the Legislature should first enact meaningful changes to the public employee pension systems and cut wasteful spending before raising taxes.
If both measures are approved by voters, the one getting the most yes votes will prevail.
http://www.foxandhoundsdaily.com/2012/10/reason-rupe-poll-california-voters-moving-towards-wisconsin-like-government-reforms/ Reduce per capita inflation adjusted spending to 2000 levels and there will be plenty of money. There would probably be enough to return money to the taxpayers.
HSR represents ~ 1/2 of the money they say Prop 30 will raise. The HSR train from nowhere to nowhere is the easiest budget savings ever.
http://online.wsj.com/article/SB10001424052970204226204576601232986845102.html If every football player was paid based on seniority and could not be cut from the team absent very serious misconduct, what would happen to the quality of the game? More generally, government employees keep their jobs and get raises regardless of how hard they work and what they individually or their agencies, departments, schools or districts accomplish. It is practically impossible to fire a government employee for doing a lousy job, never mind merely mediocre. In the private sector, we have to produce goods or services that other people will voluntarily purchase. At least with education, there is a perverse incentive. When the government schools do a lousy job, the Dems, education system and GEUs can say our kids need a good education so the government needs to spend more money on the (lousy) government schools. Without accusing them of trying to provide lousy education, people and systems respond to financial incentives. There is certainly no financial incentive for any teacher or employee of the government schools, or for the government run school system to do a good job.
However, to get your free government provided food, you must go to the government grocery store nearest to where you live. We will unionize the employees of the government food industry. After three years, the employees get tenure and absent serious misconduct, it is practically impossible to fire any employee of the government food system. Furthermore, all employees of the government food system will be paid based on sonority regardless of how hard they work or what they accomplish. In addition, the unions of employees of the government food system will take money involuntarily from all employees of the government food system to use to help elect politicians friendly to the government food system unions, which politicians will give raises and unaffordable pension benefits to the employees of the government food system. The employees of the government food system will all get raise each year regardless of the quality of food and service provided by the government food system. I have a tough question for all Dems, Libs and GEU members, What would happen to the quality and cost of the food and service in the government food system compared to the current system of food provided by private businesses? Anyone who questioned this system, would be accused being against people and especially children having food.
I am a member of the Redlands Tea Party Patriots.
I am a member of the Redlands Tea Party Patriots.
I am a member of the Redlands Tea Party Patriots.
I am a member of the Redlands Tea Party Patriots.
I am a member of the Redlands Tea Party Patriots.