“Prop. 13” $15 billion bond DEFEATED!
Last night, the Associated Press declared that the $15 billion bond measure called Proposition 13 on the March 3 ballot has been defeated!
The AP wrote, "The opposition was led by the Howard Jarvis Taxpayers Association, which took particular issue with a provision that would have increased the limit on what a local school district could borrow, from 1.25% to 2% of assessed property value. The group feared that could have led to future tax increases to pay back the debt. The state should fund school facilities itself rather than adding to school districts' debt, the group said."
As of March 11, Proposition 13 had the support of only 46% of California voters, falling more than 600,000 votes short of reaching the majority vote it needed to pass. Although counties continue to process and tally late-arriving absentee and provisional ballots, there are not enough outstanding ballots to change the outcome.
This tremendous victory for taxpayers would not have been possible without your help. Thank you for telling your friends and neighbors to vote no on this Prop. 13. And most of all, thank you for your support of HJTA. We rely entirely on the support of our members and we are so grateful that the future of California will be brighter because of you.
There will be new challenges ahead in November, and we’ll keep you informed. Please invite your friends and neighbors to sign up for email updates at www.hjta.org. If you tell ten people, and they tell ten people, we will rapidly strengthen the voice of taxpayers for the next big fight. And we will Protect Proposition 13.
Thank you!
Appreciatively,
Jon Coupal
President, HJTA
Read More on pg 4: https://s3.amazonaws.com/smdp_backissues/031220.pdf
