With the passage of the first voter- backed statewide tax increase in eight years, Californians sent a clear signal they are tired of failing schools, gridlocked roads and the deterioration over the past decade of the state’s reputation as a standard bearer.
California voters approved Governor Jerry Brown’s sales- and income-tax increases, handing the Democrat his biggest victory since he was elected two years ago and averting $5.5 billion of cuts to public schools.
Legalizing recreational use of marijuana in Washington, allowing same-sex marriage in Maine and permitting physician-assisted death in Massachusetts top a list of ballot measures in 38 states tomorrow.
California’s Proposition 30, which would raise sales and income taxes, is sinking fast in the polls. Voters are realizing that the measure -- the heart and soul of Governor Jerry Brown’s plan to “save” California -- is just another cynically devised and promoted way to prop up the status quo.
As many as 150 of the almost 1,000 school districts in California may face credit downgrades if voters reject two tax measures on the Nov. 6 ballot, Moody’s Investors Service said in a report yesterday.
Siblings Molly Munger and Charles Munger Jr., whose father is vice chairman of Berkshire Hathaway Inc., have poured $54.4 million into California ballot measures, stoking a battle with Governor Jerry Brown and powerful labor unions.