Monthly Archive for Taxes
Taxes Stories Posted in June 2008
Measure Would Limit Voters' Taxing Ability
Category: Taxes · State: Arizona · Source: The Arizona Republic
Backers of a proposed November ballot initiative hope to make it much more difficult for Arizona voters to raise taxes, fees or spending. The initiative would require support from a majority of all registered voters - including people who didn't show up at the polls - before a tax-raising initiative could become law. Under current law, the majority of people who vote is sufficient. The measure, known as Majority Rule, would amend the state Constitution to affect any initiative that "establishes, imposes or raises a tax, fee or other revenue, or mandates a spending obligation." "Voters in Arizona have a long history of agreeing with the concept that there should be a very high threshold for raising taxes or mandating spending increases," said Nathan Sproul, whose Tempe-based firm is managing the Majority Rule campaign.
Prop. 13 Property Taxes in The Voters' Hands
Category: Taxes · State: California · Source: San Francisco Chronicle
Thirty years ago today, California voters overwhelmingly approved Proposition 13 as a way to keep seniors from losing their homes to skyrocketing property taxes. But the 1978 vote also ignited a revolution that dramatically changed the way people across America look at government and taxes. The grassroots initiative has saved California property owners billions of dollars since it was passed, but the shackles Prop. 13 put on the ability of state and local governments to increase taxes could turn out to be its most important legacy. Even today, with the state facing a $17 billion budget shortfall, tax increases face certain opposition from many legislators and voters.
Public Health District Seeks $589 Million
Category: Taxes · State: California · Source: San Diego Union-Tribune
Tri-City Healthcare District directors will ask voters to approve a $589 million bond issue in what could be the largest mail-in ballot measure in county history. The balloting will be done in August, for bonds intended to raise money for expansions and upgrades at Tri-City Medical Center in Oceanside. The measure represents a third try for the public health care district that operates the Oceanside hospital. In two previous elections - in June and November 2006 - bond issues for $596 million each failed to receive the necessary approval of two-thirds of the voters.
Other Monthly Archives for Taxes
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