4 ms·
Surely more housing also means more working adults and more taxable income, so this could be handled with a local income tax.
by senkora 3y ago
Surely more housing also means more working adults and more taxable income, so this could be handled with a local income tax.
- seanmcdirmid 3y agoAre any school districts outside of Prop 13 California funded by primarily income or sales tax? But ya, you would need to do something like that if you were to tax land rather than improvements given schools, police, and lots of infrastructure needs scale up with improvements.
- bombcar 3y agoA significant part of the educational budget of the US comes from federal funds and federal funds are almost entirely income taxes (some other sources exist).
- seanmcdirmid 3y agoMost schools receive very little funding from the federal government. Maybe the poorest school districts this makes up a significant part of their funding, but for most school districts it doesn't.
- bombcar 3y ago> In 2021, state and local governments in the United States collected about 630.21 billion U.S. dollars via property taxes. > In FY 2023, the Department of Education (ED) had $271.01 Billion distributed among its 10 sub-components. Maybe they just burn that quarter trillion, but I suspect it ends up in the districts eventually.
- seanmcdirmid 3y agoHere is a good breakdown of funding in CA: https://peecs.net/2021/03/10/how-are-california-school-budgets-determined/ https://peecs.net/2021/03/10/how-are-california-school-budge... So federal is...7%?
- bombcar 3y agoThe problem is that federal grants often go through the state, so some percentage of "state" may source from the feds. Of course it's all academic in a way, because money is fungible.
- seanmcdirmid 3y agoThe table implies funding origins via taxes (local vs. state taxes, for example). I don't think any ED money is going to CA first before going to the districts. CA is also a special case where more funding is state level (due to Prop 13).
- senkora 3y agoAgreed. I’m only familiar with Texas and Texas schools are funded with property tax with some redistribution to poorer districts. I think a local income tax is the correct way to handle it theoretically but I don’t know any specific examples.