Prop. 30:Taxes (Brown plan)Increases personal income tax on annual earnings over $250k for 7 years, and sales tax for 4 years.
Increases taxes on earnings over $250,000 for seven years and sales taxes by ¼ cent for four years, to fund schools. Guarantees public safety realignment funding.
what your vote means
A YES vote on this measure means: The state would increase personal income taxes on high-income taxpayers for seven years and sales taxes for four years. The new tax revenues would be available to fund programs in the state budget.
A NO vote on this measure means: The state would not increase personal income taxes or sales taxes. State spending reductions, primarily to education programs, would take effect in 2012-13.
Increased state revenues over the next seven fiscal years. Estimates of the revenue increases vary—from $6.8 billion to $9 billion for 2012-13 and from $5.4 billion to $7.6 billion, on average, in the following five fiscal years, with lesser amounts in 2018-19. These revenues would be available to (1) pay for the state's school and community college funding requirements, as increased by this measure, and (2) address the state's budgetary problem by paying for other spending commitments. Limitation on the state's ability to make changes to the programs and revenues shifted to local governments in 2011, resulting in a more stable fiscal situation for local governments.
No change from status quo.
After years of cuts to schools and public safety, it’s time to take a stand. Prop. 30 asks the wealthiest to temporarily pay more to prevent deep school cuts, provide billions in new education funding, guarantee local public safety and help balance the state budget. Learn more at YesOnProp30.com.
NO on 30—$50 billion in higher sales and income taxes, but no guarantee of additional money for schools. Prop. 30 doesn’t reform schools, pensions or cut waste and bureaucracy. We’ll never know where the money really goes. Educators, small businesses and taxpayer groups say NO on 30.
|1||CALIFORNIA TEACHERS ASSOCIATION||$11,717,658|
|2||SERVICE EMPLOYEES INTERNATIONAL UNION||$11,491,035|
|3||DEMOCRATIC STATE CENTRAL COMMITTEE OF CALIFORNIA||$5,089,646|
|4||AMERICAN FEDERATION OF TEACHERS||$4,397,935|
|1||CHARLES T. MUNGER, JR.||$35,075,000|
|2||AMERICANS FOR RESPONSIBLE LEADERSHIP||$11,000,000|