Hey, Lizzie! Time to quit worrying about Larry Ellison and start worrying about Rob Reiner. In an attempt to make the California Teachers even better off, he is trying to run more Businesses out of California.
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CALIFORNIA INSIDER
Wientraub - Bee
Reiner, CTA want property tax hike for schools
Rob Reiner and the California Teachers Association are preparing to file a ballot measure for November, 2004 that would increase commercial property taxes by 55 percent and dedicate the money -- $4.5 billion annually -- to expanded pre-school and K-12 education. The money for K-12 would have to supplement, not supplant, current funding and could be used only for reducing class size, purchasing textbooks, instructional materials, supplies and equipment, training teachers or raising teacher salaries. The pre-school money would be dedicated to universal access for all children in the year before kindergarten. That money could go for public preschool only. The measure would raise the property tax rate from 1 percent to 1.55 percent on commercial property, with agricultural, timber, open space and government property exempted. Rental property assessed at less than $700,000 would be exempt, and the rate on property assessed at above that amount would rise to the new limit on a sliding scale.
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