California Looks at Raising Property Taxes
Boy have times changed. Just 20 years ago, anyone who simply suggested raising property taxes in California would have been driven out of the state ... never to be let back in.
Now, a March 2000 ballot will ask voters to make it easer to pass local bond elections by moving from a two-thirds majority to a simple majority vote. In turn, experts believe property taxes would increase as a way to finance bond issues like the building of new schools.
The last time California attempted something similar was in 1993. This time, however, a poll indicates that 59 percent of respondents are in favor of the measure.
Experts also believe the proposition would be easier to pass because so much attention has been turned to education - the primary focus of local bond elections.
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Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.