Attorney General No.
Secretary of State No.
Provides additional public school funding for kindergarten through grade 12 by imposing a $104 tax on real property parcels over 25,000 square feet; $52 tax for smaller parcels. Exempts certain homeowners. Funds must be used for class size reduction, textbooks, school safety, Academic Success facility grants, a data system to evaluate education effectiveness, and teacher compensation. Provides for reimbursement to government entities for decrease in other tax revenue. Prohibits fund use for school administrative overhead. Requires district audits; penalties for fund misuse. Excludes funds from Proposition 98 calculations. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: Annual revenue over $600 million from a new, statewide parcel tax with the revenue dedicated to specific K-12 education programs (such as class size reduction, instructional materials, school safety, facility grants, and teacher recruitment and retention grants). (SA2005RF0129.)
John D Adkisson
Failed to Qualify
Education Funding. Real Property Parcel Tax. Initiative Constitutional Amendment and Statute. California Initiative 1192 (2006).