{"id":66,"date":"2016-09-15T00:00:00","date_gmt":"2016-09-15T00:00:00","guid":{"rendered":"https:\/\/calchurches.planetpov.com\/impact\/index.php\/2016\/09\/15\/proposition-55-tax-extension-to-fund-education-and-healthcare-initiative-constitutional-amendment-yes\/"},"modified":"2016-09-15T00:00:00","modified_gmt":"2016-09-15T00:00:00","slug":"proposition-55-tax-extension-to-fund-education-and-healthcare-initiative-constitutional-amendment-yes","status":"publish","type":"post","link":"http:\/\/churchimpact.org\/index.php\/2016\/09\/15\/proposition-55-tax-extension-to-fund-education-and-healthcare-initiative-constitutional-amendment-yes\/","title":{"rendered":"PROPOSITION 55. Tax Extension to Fund Education and Healthcare. Initiative Constitutional Amendment. \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 YES"},"content":{"rendered":"

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This proposition would extend for another 12 years (2018-2030) part of the tax increase voters approved in 2012. It would impact those earning over $250,000 for individuals, $500,000 for joint filers. This would raise, based on stock market fluctuations, between $4-9 billion annually. The sales tax raised in 2012 will expire in 2018 and not be renewed by this measure. Half the revenue will go to schools with 89% to K-12, 11% to community colleges, to be spend entirely on education not administration and allocated locally by school boards subject to audit.\u00a0 Health spending for low-income people will be $0 to $2 billion annually\u00a0 with the Governor\u2019s office determining Medi-Cal resources vs spending necessities. Between $0 and $1.5 billion will be directed to the reserve and debt payments based on Proposition 2 mandates from 2014.\u00a0 This proposition will do a great deal to prevent the fiscal meltdown of the pre-Proposition 30 that resulted in teacher staff reductions, overcrowded classrooms and longer college waits for completion, and cutbacks in health care services.\u00a0 It is a responsible progressive tax to keep the state both functioning and solvent.\u00a0<\/div>\n
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This proposition would extend for another 12 years (2018-2030) part of the tax increase voters approved in 2012. It would impact those earning over $250,000 … Read More ›<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-66","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/churchimpact.org\/index.php\/wp-json\/wp\/v2\/posts\/66","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/churchimpact.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/churchimpact.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/churchimpact.org\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/churchimpact.org\/index.php\/wp-json\/wp\/v2\/comments?post=66"}],"version-history":[{"count":0,"href":"http:\/\/churchimpact.org\/index.php\/wp-json\/wp\/v2\/posts\/66\/revisions"}],"wp:attachment":[{"href":"http:\/\/churchimpact.org\/index.php\/wp-json\/wp\/v2\/media?parent=66"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/churchimpact.org\/index.php\/wp-json\/wp\/v2\/categories?post=66"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/churchimpact.org\/index.php\/wp-json\/wp\/v2\/tags?post=66"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}