Posted by Jon Coupal at 12:59 am on Sep 12, 2016 Comments Off on DOWN BALLOT MEASURES COULD COST YOU BIG BUCKS
Election month is rapidly approaching. That’s right, “election
month” because, since 2002, California voters have been freed from
casting ballots in person on the official Election Day, which this
year is November 8. Voting by mail begins October 10.
Polls show that many voters are disenchanted with the coming
election because the major candidates for president are held in
such low esteem. However, whether you are a strong advocate for a
candidate or are disillusioned, it would be a huge mistake to
ignore the ballot measures. Besides candidates, voters must decide
on 17 state propositions and hundreds of local tax and bond
measures designed to dip into taxpayers’ wallets.
A number of the state measures will impact taxpayers.
Propositions 55 is an extension of California’s highest state
income tax rate in the nation, which was sold as “temporary” when
approved by voters in 2012. Proposition 56 would increase tobacco
taxes to fund ongoing programs that will demand funding, even when
the number of smokers declines. Proposition 53 is also important as
it would expand taxpayers’ right to vote on major state bonds for
megaprojects costing more than $2… Read More