SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : President Barack Obama
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Wharf Rat who wrote (57505)7/8/2009 12:34:07 AM
From: tejek  Read Replies (1) of 149317
 
One major challenge: There is no roadmap for changing Prop. 13. While the measure inspired a popular revolt against property taxes in the years after it was enacted, no other state has the same mix of property tax limits and the two-thirds majority required to pass budgets and increase taxes.

Unfortunately, we may be joining CA. There is a local winger who has tried for ten years to unend taxes in this state. He managed to get one initiative passed but the rest have either been voted down or were not constitutional or he did not have enough signatures. Unfortunately, he has come up with a new initiative for this fall that apparently is constitutional and has enough signatures. It will freeze state revenues at a particular level and whenever revenues exceed that level, taxes must be rolled back automatically. And because of the Bush recession and the hardships it is causing, the sucker may get his way this time. It makes me sick.

While Sexton and a few other analysts think the state's current crisis may provide a brief window of discussion, some of them wonder if there is the political will to do more than pay lip service to the stream of suggestions for fixing the state's financial mess.

I hate to be negative but I don't think it has the political will.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News