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You must not live in the Bay Area and are merely reaching for talking points. Everyone in CA knows that property tax money goes straight to the state and is di
by scurvy 7y ago
You must not live in the Bay Area and are merely reaching for talking points.
Everyone in CA knows that property tax money goes straight to the state and is divvied up there. It's collected locally, then sent straight to the state. CA gets first crack at spending it, then it goes down to the local level. The social services are paid for mostly by bond measures, which are immune to real estate prices. Other things are paid for with consumption based taxes (mostly sales).
- Mountain_Skies 7y agoDidn't know property taxes go to the state first but the overall point remains that if there is an exodus of wealth from the Bay Area, that will affect the resources available for social programs. Also stories about companies and workers leaving the state beyond the Bay Area are hardly in short supply though some might be overdone for clickbait or political purposes.
- scurvy 7y agoSocial programs are almost entirely funded through voter approved bond sales. Their funding won't take a hit if there's an exodus of wealth. The bonds are already sold. Completely agree with you on the overdone clickbait!
- deleted 7y ago[deleted]