California Voters Likely to Decide on Tax Increase
This November voters in California will likely be deciding whether or not to raise taxes. Yesterday, California Democratic Governor Jerry Brown and fellow supporters turned in what should be more than enough signatures to get their tax measure qualified. From the San Francisco Chronicle:
Gov. Jerry Brown and backers of his tax initiative submitted petitions Thursday to county elections officials they said contain nearly twice the number of signatures needed to qualify for the November ballot, but the governor acknowledged the measure isn’t a cure-all and warned he will unveil “severe” new cuts to state spending next week.[…]Brown says the money would go to K-12 schools, higher education and courts – but if voters reject the taxes, he and Democrats would make deep midyear cuts to those same programs.