Read below and share with fellow voters in the State of California so that they will oppose this Bond issue on the MARCH 3, 2020 California Primary Election Ballot. Read below.
Clarence Chappell - Information and Events Consultant
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"Oh my gosh!!! Another scam scheme will be on the ballot to soak all of us for money. They say it's for the children, but they never give an accounting of all the bonds we've voted for that were supposedly going to schools. California is awash with money but they keep telling us that schools don't have any. Please read the article below by Larry Sand. He is a teacher."
Nancy
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The new Prop. 13, very much unlike the iconic original, hurts taxpayers.
There is yet another potential tax grab coming to California in the form of a school bond, which will be on the March 3rd ballot. The ironically named Prop. 13, a “School and College Facilities Bond,” would authorize $15 billion in general obligation bonds for school and college facilities. The original Prop.13 has been a blessing for property owners, in that it limits property taxes on all forms of property – private and commercial – to 1 percent of assessed value, and limits increases in that value to no more than 2 percent per year, except when properties change ownership.
However, the current Prop. 13 is no friend to taxpayers. As Howard Jarvis Taxpayer Association president Jon Coupal notes, the $15 billion figure “reflects typical credit card math” because the money would be borrowed from Wall Street, and taxpayers would pay it back plus 80 percent in total interest costs. So the stated $15 billion is actually $27 billion.
Before all the usual suspects start getting gooey-eyed and seriously informing us that the money is for “the children,” please consider the fact that California has become a rogue state that regularly cons, pressures, and forces taxpayers to fork over hard-earned dollars the way a desperate junkie would when he needs a fix.
To wit, why is California the only state in the country that stubbornly refuses to reveal public spending records to a government watchdog, which has now prompted threats of legal action? The Los Angeles Times ponders, “California’s education funding is at a record high. So why are schools short on cash?” The Mercury News advises us, “California can’t account for billions of education dollars,” and adds it is inexcusable that, six years after a K-12 spending revamp, an audit finds “needy kids aren’t getting help they should.” The Sacramento Beewonders why the economy is booming and so many California schools are broke. Mike Antonucci asks: “Is all the extra state student funding that districts get benefiting the kids? State auditor says we don’t know.”
So just where is all the money going? Some, of course, simply falls down the wasteful government bureaucratic rabbit hole, but a large chunk of tax dollars goes for public employee pension and healthcare perks.
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