Increases taxes on earnings over $250,000 for seven years and sales taxes by ¼ 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.
WHAT YOUR VOTE MEANS
YES A YES vote on this measure means: The state would increase personal income taxes on high-income taxpayers for seven years and sales taxes for four years. The new tax revenues would be available to fund programs in the state budget.
NO A NO vote on this measure means: The state would not increase personal income taxes or sales taxes. State spending reductions, primarily to education programs, would take effect in 2012–13.
PRO After years of cuts to schools and public safety, it’s time to take a stand. Prop. 30 asks the wealthiest to temporarily pay more to prevent deep school cuts, provide billions in new education funding, guarantee local public safety and help balance the state budget. Learn more at YesOnProp30.com.
CON NO on 30—$50 billion in higher sales and income taxes, but no guarantee of additional money for schools. Prop. 30 doesn’t reform schools, pensions or cut waste and bureaucracy. We’ll never know where the money really goes. Educators, small businesses and taxpayer groups say NO on 30.