Californians Overwhelmingly Support New Local Bonds and Taxes
Two weeks ago, using information supplied by theCalifornia Taxpayers Association, we called attention to “$6.2 Billion in New Borrowing on June 7th Primary Ballot.” As noted, “Next week voters will be asked to approve 46 local bond measures totaling $6.18 billion in new debt, along with 52 local tax proposals. If history is any indication, more than 80% of them will pass.”
So how did they do?
The following table shows the results so far. With bonds, the trend is clear – they nearly all still pass. That’s partly because school bonds only require a 55% majority to pass, whereas with most tax increases, passage still requires a two-thirds vote.And while the rate of passage is lower for tax increases, the latest election shows two out of three passing.
Local Tax and Bond Ballot Propositions – June 7th 2016 Status of passage as of June 14th, 2016 … Read More