According to the California Taxpayers Association, not only will Californians be voting on a massive property tax increase (Proposition 15), they will also decide the fate of 237 local tax increases and two proposed tax repeals. CalTax has created a useful table showing the various tax and bond measures from 56 of California’s 58 counties.
Among the measures, 176 propose direct tax increases. Based upon data available and estimates provided by local jurisdictions, these measures add up to $1.5 billion annually in higher local taxes. The tax increases include measures to authorize bonds that would be repaid through property tax increases.
Additionally, voters will decide whether to enact $12.9 billion in local school construction bonds and $1.9 billion in other local bonds. Unlike state bonds, which are repaid through the state general fund, local bonds are repaid—with interest that adds significantly to the total—via higher property taxes in the jurisdiction that approved the bond.
Some jurisdictions are carrying measures specifically targeting employers, potentially creating competitiveness problems that may lead to businesses moving jobs and investments out of those communities.
As your representative on California’s elected tax board, I encourage you to vote this November. You pay taxes and voting is your chance to choose how your tax dollars are spent. If you haven’t registered to vote, you can do so on the Secretary of State’s Register to Vote website. Your vote matters!