Attorney General No.
Secretary of State No.
SALES AND USE TAXES. REALLOCATION. INITIATIVE CONSTITUTIONAL AMENDMENT. Provides that local governments may, with voter approval, impose up to a 1% sales and use tax over a five-year period, and reduce the State tax by a corresponding percentage. Distributes the revenue on a per capita basis to local governments imposing the tax. Provides that reduction in State revenue shall not diminish the State's obligation to fund public education. Prohibits the State from changing existing allocations or responsibilities of local governments to offset reduction in General Fund. Summary of estimate by Legislative Analyst and Director of Finance of the fiscal impact on state and local governments: This measure would result in state revenue losses and comparable revenue gains to local government of up to $4 billion annually in five years. It would also result in significant reduction in state fiscal flexibility.
Cary Kalscheuer, 912 N. Prospero Drive, Covina, Ca 91722 (626) 332-4044
Failed to Qualify
Sales And Use Taxes. Reallocation. California Initiative 755 (1997).