Posted on 03/26/2002 12:17:43 PM PST by Ernest_at_the_Beach
Edited on 04/12/2004 5:33:59 PM PDT by Jim Robinson. [history]
The problem now is all these local bonds -- particularly the school bonds with the 55% vote. My mother has a modest house in a nice area and there was a bond on her ballot that would increase her property taxes for a school bond. Within 3 years, the tax would be over $88 per $100,000 value. If Prop. 13 wasn't in place, they could re-assess her based on the value of her house; at least with Prop. 13, her assessed value is less than the actual value.
Still, my mom struggles to come up with her approximately $2000 in property taxes each year (in Sacramento County it's split into two payments.) With this bond, she has to add approx. $250 to her bill. Another bond passed that was @$35 per $100K, so within 3 years she'll be paying an additional $355 .. over a 15% tax increase.
People ARE going to be taxes out of their homes ... through all these local bonds.
California's finances are in dismal shape. Our bond rating has fallen, our credit rating sucks ... we need to find someone sane to run our government. That's why I'm voting for Bill Simon for Governor ... and everyone who wants California to get out of this financial ruin needs to do the same.
Having said the above, California power bonds are not for capital projects, California does not have a solid plan on how to repay the money, and there are questions as to California's credit rating. I hope that some of the cities, counties, special districts, and state agencies are paying attention to what Davis is messing up.
The saddest thing is that even with the billions being poured into California schools, many of the the kids who survivegraduate are still functionally illiterate. Even worse, it will take them a lifetime to un-learn all the propaganda which was beaten into their heads. Most won't be able.
They come out "knowing" that man is destroying the environment, and that all political systems are equal. They are experts at using condoms (having learned to install them on bananas), but are unable to write a coherent letter or make change for a dollar. They have never read the Constitution or the Declaration of Independence in school.
To an extent they are correct, up until they drive the "rich people" away. One of the things that I find troubling is that many, especially democrats, seem to feel that class warfare is appropriate and that anyone who has worked hard, saved their money, invested it carefully, etc. doesn't deserve the fruits of their labor. That is a core problem that this society needs to address. I have a number of friends at the Boeing Company, who are English engineers and came to the US during the great "brain drain" in the UK, when that countries taxing policy drove out the best and brightest. It can happen to California and it can happen to the US.
Check your mail.
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