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My goal is for California to have a more stable revenue story so the state doesn't enter crisis mode every 10 years. California revenue is volatile because of
by bcrosby95 7y ago
My goal is for California to have a more stable revenue story so the state doesn't enter crisis mode every 10 years. California revenue is volatile because of the heavy reliance on income taxes, which are volatile due to the stock market. Property taxes are a much more stable source of revenue to rely upon.
Backing out prop 13 to fund certain ventures is just going to create even more problems down the road. Revenue will still be volatile. Then in the next downturn education will get screwed again, like what happened in the last recession. And you won't have prop 13 to back out anymore. It will be permanently fucked. Maybe the state will bump income taxes even more to fund things.
So more volatile revenue for the state to rely on. More fun times ahead!
- danans 7y ago> California revenue is volatile because of the heavy reliance on income taxes, which are volatile due to the stock market. Property taxes are a much more stable source of revenue to rely upon. If that's true, and more of the education budget is funded from property taxes, then how can the following be true: > Backing out prop 13 to fund certain ventures is just going to create even more problems down the road. Revenue will still be volatile. Then in the next downturn education will get screwed again, like what happened in the last recession. A recession will hit everything, but if property tax revenues are earmarked for education, its funding should be less volatile than more income tax dependent programs.