Issue link: http://digital.copcomm.com/i/85441
YES ON 30 WITHOUT NEW REVENUE , an additional $6 billion in cuts to schools and universities will have to be made — immediately. Our schools cannot afford any more cuts. Proposition 30, called the Schools and Local Public Safety Protection Act, will help provide resources for education and public safety services by: Raising income taxes for seven years on the highest earners by 3 percent, with smaller increases on lower incomes. However, individuals making below $250,000 and families making below $500,000 will pay no additional income tax. This temporary tax lasts seven years. Increasing the sales tax by one quarter of 1 percent for four years. (This rate is still a much smaller rate than existed until July 2011, when the 1 cent sales tax extension expired.) Guaranteeing that new revenue will go to education. Balancing the budget and helping pay down California's debt, which was built up by years of gimmicks, borrowing and phony solutions. October 2012 www.cta.org 29