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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (451783)	9/2/2003 6:55:32 PM
From: DMaA	Read Replies (1) \| Respond to of 769670

Ok, you've convinced me Prop 13 is unwise. But I was leaning that way anyway. I think it gives tax payers a false sense that they've achieved some sort of victory when in fact the source of the problem, state spending, continues to grow uncontrolled.

To: Lizzie Tudor who wrote (451783)	9/2/2003 8:30:29 PM
From: DavesM	Read Replies (2) \| Respond to of 769670

This may be a stupid question Lizzy, but what does property taxes have to do with the State budget deficit anyway? I looked at a breakdown (of the composition), of State Revenue in 1962-3 and 2002-3. As best as I can tell, property taxes still do not go into the State General Fund. Property taxes still look like they fund those areas that they always funded: primarily schools, city and county government. re:"Whatever else, Buffett makes a strong point. He told the Journal that his home in Omaha is valued at $500,000 and that he's paying more than $14,000 in annual property taxes. But Buffett also owns a home in Laguna Beach (Orange County). It's valued at $4 million, yet he pays only $2,264 in annual property taxes" p.s. My guess, is that his $500,000 house in Omaha is as nice, if not nicer, than his $4,000,000 house in Laguna Beach. Do you think the difference in property taxes, has any role in the difference in value? I do. From what I could tell, the shortfall is primarily due to the decrease in taxes from gains and options. added- I think I'm going to look a little deeper into this, maybe look at k-12 spending.