Possible Onslaught of More Taxes – Prop 13 Erosion May Happen
Sacramento, CA
Benjamin Franklin once wrote in a 1789 letter that “nothing can be said to be certain, except death and taxes.”
If you live in California, you may be hearing a lot about taxes these days. Recently, the California Legislature enacted a 12 cents increase per gallon on gasoline and voters recently approved Measure H, a sales tax initiative to raise funds to help the homeless in LA County. This is on top of Measures A and B, a voter approved sales tax increase to fund police, fire, and infrastructure in Long Beach that passed by over 60% of Long Beach voters last June.
If San Francisco Democratic State Senator Scott Wiener has his way and Senate Constitutional Amendment 6 (SCA 6) is passed, the threshold to raise taxes by local governments for a special purpose will be easier to carry out at 55% voter approval instead of the 2/3 vote currently required by Proposition 13, a voter approved initiative n 1978.
Critics are worried SCA 6 will make it easier to pass property parcel and other forms of tax increases.
Right now SCA 6 is awaiting a hearing in the Senate Transportation and House Committee.
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