Temporary Taxes to Fund Education. Guaranteed Local Public Safety Funding. Initiative Constitutional Amendment.

California Ballot Measure - Proposition 30

Election: Nov. 6, 2012 (General)
Outcome: Passed

Yes: 7014114  (55.37%) Argument For
No: 5653636  (44.63%) Argument Against

Categories:

Summary

- Increases personal income tax on annual earnings over $250,000 for seven years.

- Increases sales and use tax by ¼ cent for four years.

- Allocates temporary tax revenues 89 percent to K-12 schools and 11 percent to community colleges.

- Bars use of funds for administrative costs, but provides local school governing boards discretion to decide, in open meetings and subject to annual audit, how funds are to be spent.

- Guarantees funding for public safety services realigned from state to local governments.

Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local government:

- Additional state tax revenues of about $6 billion annually from 2012–13 through 2016–17. Smaller amounts of additional revenue would be available in 2011–12, 2017–18, and 2018–19.

- These additional revenues would be available to fund programs in the state budget. Spending reductions of about $6 billion in 2012–13, mainly to education programs, would not take effect.

Measure Text

Increases taxes on earnings over $250,000 for seven years and sales taxes by 1/4 cent for four years, to fund schools. Guarantees public safety realignment funding. Fiscal Impact: Increased state tax revenues through 2018–19, averaging about $6 billion annually over the next few years. Revenues available for funding state budget. In 2012–13, planned spending reductions, primarily to education programs, would not occur.