For the last few years, using data provided by the watchdog organizationCalTax, we have summarized the results of local bond and tax proposals appearing on the California ballot. Nearly all of them are approved by voters, and this past November was no exception.
With only a coupleof measures still too close to call (TCTC), as can be seen, 94% of the 193 proposed local bonds passed, and 71% of the proposed local taxes passed.Two years ago, 81% of the local bond proposals passed, and 68% of the local tax proposals passed. No encouraging trend there.
Outcome of Local Bond and Tax Proposals – November 2016
A simple extrapolation will provide the following estimate: Californians just increased their local tax burden by roughly $4.0 billion, in the form of $1.9… Read More