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Brown Promises Reserve If New Tax Measure Passes

Gov. Jerry Brown walks towards a group of reporters at a Sacramento hotel Tuesday before addressing the California Optometric Association.
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Above: Gov. Jerry Brown walks towards a group of reporters at a Sacramento hotel Tuesday before addressing the California Optometric Association.

California Governor Jerry Brown is defending the deal he struck to keep a competing tax initiative off the November ballot. He says the compromise measure wouldn’t make the state’s finances more volatile. That’s despite an agreement with supporters of the Millionaires Tax to shift more of the burden to the wealthiest Californians.

“I don’t see volatility here, because we have a temporary tax, not a permanent tax. And I’m gonna build a reserve to guard against the falloff in revenue that comes from having so much reliance on the income tax," said Brown.

The governor says he and his wife have communicated with the proponent of a third November tax measure, wealthy civil rights advocate Molly Munger (like “hunger”). Brown called it a “cordial” and “nuanced” exchange that sets up “a very fierce campaign on the horizon.”

Munger has made clear she’s not backing down from her measure, which would tax all but the poorest Californians to increase local education funding.

Comments

Avatar for user 'mcdez'

mcdez | March 22, 2012 at 2:09 p.m. ― 2 years, 6 months ago

The PTA/Molly Munger initiative is by far the best one for education. $20 billion cut from schools over the last four years, money diverted, money deferred. Enough is enough. Who is going to sustain income taxes and help our state function if we have an uneducated and under educated work force? We will remain in our deficit hole as long as funding for education lags. CA has the largest student to teacher, student to administrator and student to counselor ratio in the COUNTRY. We would need to increase funding to each and every classroom in CA by $60,000 a year just to CATCH UP to the national AVERAGE.

The "Our Children Our Future" initiative calls for a broad based income tax on all by the poorest. A median income of $55,000 would be taxed $250 -- you probably spend that on cookie dough, wrapping paper, magazine subscriptions and whatever else the schools are asking their students to peddle these days just to provide the basics.

The money will be over and above any Prop 98 minimum and DOES NOT PASS THROUGH SACRAMENTO. It instead goes directly to school districts -- early childhood programs, preschool and K-12, with strict accountability. It cannot be used to raise current teacher salaries, but can be used to hire new teachers to help reduce class sizes.

PTA has been advocating for kids - for free -- for 115 years. My vote goes with them and the kids. http://www.ourchildrenourfuture2012.com/

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