Prop 30 Tax Extension Filing

Dear Colleagues,
As a member of the Alliance for A Better California with all of the major statewide unions, we have filed our ballot initiative today with the State Attorney General’s office which would extend the income tax component of Prop. 30 through December 31, 2030. This only effects those individuals who earn over $250,000 per year. The sales tax component (a regressive tax on the poor and middle class workers) will not be extended past its scheduled expiration date of December 31, 2016.
Attached is the initiative signed by Tom Willis and Lance Olson (attorneys for the alliance). Provided enough signatures can be collected, this would appear on the November 2016 ballot.
Keep in mind there are other competing revenue enhancement proposals still being discussed (e.g. oil severance tax, split roll property tax), so based on the ever-shifting political landscape this initiative could wind up being pulled in favor of something else, but the tea leaves tell me this is the one that will survive and make it on to the ballot.
Please let me know if you have any questions or concerns.
In Unity,
Jim Mahler, President
AFT Guild, Local 1931
San Diego & Grossmont-Cuyamaca
Community Colleges