The Proposition 13 on the March 3rd primary ballot is bad for taxpayers.
It will directly result in significant increases in property taxes and in additional assessments on properties to pay off the $27 Billion in bond payments that will be payable by taxpayers over the next 30 years. This will cause a reduction in real estate values and an increase in annual property tax assessments.
This is not a partisan issue and will affect everyone, so let your friends and family know no matter what their political party preference is.
Continue reading “MARCH 3RD PRIMARY- VOTE NO ON PROPOSITION 13”
Another bond issue!! People who know me are aware that I oppose almost every bond issue that the State proposes. Why? Because the State of California is already $443 Billion in debt, including unfunded pension liabilities, of which $126 Billion is represented by previously issued bonds on which the State is paying interest and principal. Enough debt! It is becoming unsustainable. As more and more of the State Budget goes to paying principal and interest on outstanding bonds, it reduces the amount available for necessary State services.
So, why in the world would I, in 2016, support a bond issue? Here is why.
Continue reading “WHY I AM VOTING YES ON PROPOSITION 51”