Every Four Years, A Golden Opportunity for Revenue Enhancement
November 8, 2016 will likely be a triumphant day for Californians who believe individuals, households, and businesses aren’t giving enough of their money to the government.
The recent deliberation and turmoil in the California legislature about tax increases will be handed off to voters, who will make quick decisions based primarily on deceptive ballot titles. Meanwhile, as many as 150 local K-12 school and community college districts will ask voters for authorization to borrow money for construction via bond sales. In addition, voters will get to consider local parcel taxes, utility taxes, transportation taxes, San Francisco Bay Restoration taxes – all sorts of taxes.
Why is this election going to be so special? Political consultants assume that Californians inspired to vote because of the historic candidacy of Hillary Clinton for President will extend their excitement to the approval of taxes, borrowing, and spending farther down the ballot.
This assumption is based on performance of bond measures and proposed tax increases in the past two presidential… Read More