California Church IMPACT
empowering & mobilizing people of faith to be effective advocates in public policy
  • Home Page
  • IMPACT Blog
  • About & Contact
    • Contact Us
  • Key Issues
    • Human RIghts
    • LGBTQ Rights
    • Health Care
    • Economic Justice
  • Take Action
    • Resources
  • DONATE
  • CCC
  • Prop 64 Faith Livestream

PROPOSITION 55. Tax Extension to Fund Education and Healthcare. Initiative Constitutional Amendment.                             YES

9/15/2016

0 Comments

 
Picture
This proposition would extend for another 12 years (2018-2030) part of the tax increase voters approved in 2012. It would impact those earning over $250,000 for individuals, $500,000 for joint filers. This would raise, based on stock market fluctuations, between $4-9 billion annually. The sales tax raised in 2012 will expire in 2018 and not be renewed by this measure. Half the revenue will go to schools with 89% to K-12, 11% to community colleges, to be spend entirely on education not administration and allocated locally by school boards subject to audit.  Health spending for low-income people will be $0 to $2 billion annually  with the Governor’s office determining Medi-Cal resources vs spending necessities. Between $0 and $1.5 billion will be directed to the reserve and debt payments based on Proposition 2 mandates from 2014.  This proposition will do a great deal to prevent the fiscal meltdown of the pre-Proposition 30 that resulted in teacher staff reductions, overcrowded classrooms and longer college waits for completion, and cutbacks in health care services.  It is a responsible progressive tax to keep the state both functioning and solvent. 

0 Comments



Leave a Reply.

    Author

    The Rev Dr Rick Schlosser

    Archives

    September 2022
    May 2022
    September 2021
    August 2021
    June 2021
    January 2021
    November 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    January 2020
    June 2019
    April 2019
    March 2019
    October 2018
    September 2018
    August 2018
    June 2018
    May 2018
    April 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    June 2016
    May 2016
    March 2016
    February 2016
    January 2016
    October 2015
    August 2015
    June 2015
    May 2015
    March 2015
    January 2015
    December 2014
    October 2014
    June 2014
    May 2014
    January 2014
    September 2013
    February 2013
    October 2012

    Categories

    All
    Civil Rights
    Economic Justice
    Elections
    Environmental Justice
    Faithful Fridays
    Health Care
    Racism
    Reproductive Rights
    Women's Rights

    RSS Feed

Powered by Create your own unique website with customizable templates.
Photo used under Creative Commons from ProComKelly