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No on Proposition 30: Statewide Sales Tax Increase (SMC)
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California Statewide - November 2012
Proposition 30: Statewide Sales Tax (1/4 cent per dollar)
SVTA recommends a NO vote against Prop. 30.
Proposition's Language:
Should the California Constitution be amended to (a) temporarily increase sales and personal income tax rates; (b) guarantee certain revenue transfers to local governments; and (c) eliminate state funding of certain mandates to local governments?
Summary Prepared by the State Attorney General:
Should the California Constitution be amended to (a) temporarily increase sales and personal income tax rates; (b) guarantee certain revenue transfers to local governments; and (c) eliminate state funding of certain mandates to local governments?
Summary Prepared by the State Attorney General:
- Increases personal income tax on annual earnings over $250,000 for seven years.
- Increases sales and use tax by 1/4-cent per dollar for four years.
- Allocates temporary tax revenues 89% to K-12 schools and 11% to community colleges.
- Bars use of funds for administrative costs, but provides local school governing boards discretion to decide, in open meetings and subject to annual audit, how funds are to be spent.
- Guarantees funding for public safety services realigned from state to local governments.
View the text of the Measure and the arguments for and against,
Paid for by the Silicon Valley Taxpayers Association PAC.