Posts Tagged ‘KABC’

From the Howard Jarvis Taxpayers Association:

By Jon Coupal

While voters’ attention is being diverted to the three major statewide tax increase measures on the November ballot, Propositions 30, 38 and 39, many taxpayers are about to be hit below the belt by local politicians, who are just as anxious to get their hands on more cash as are their Sacramento brethren.

Michael Coleman, the creator of CaliforniaCityFinance.com, has tallied the number of local tax hike measures that will appear on the November 6 ballot. Voters will decide on 237 tax increases or extensions including 106 school bonds with a face value of $11.7 billion — about half of the eventual cost after interest is paid. Additionally, there are 25 measures to increase or extend school parcel taxes, property taxes that are placed on parcels of property without regard to the parcel’s value. Then there are another 106 non-school related revenue measures that include 23 parcel taxes, 35 sales tax increases or extensions, and 42 special taxes — those earmarked for a specific purpose. (more…)