Secretary of State No.
TAXATION: SCHOOL PURPOSES. INITIATIVE CONSTITUTIONAL AMENDMENT. Exempts single family dwelling and others authorized by Legislature occupied by owner from taxes for support of public schools, except for bonds, State loans, and voter approved taxes. Limits combined tax rates on such property to $1.00 per $100 of full cash value. Legislature shall provide subventions for loss of revenue. Repeals existing homeowners' exemption. Legislature shall provide system for withholding personal income taxes. Increases in personal income tax revenue may be used for subventions; no other revenue may be used for subventions except certain designated taxes and fees. If this proposed initiative is adopted undefined additional financing from state sources in the approximate amount of $510,000,000 in 1971-1972, plus continuing cost amounting to $750,000,000 in 1973-1974 and increasing thereafter will be required.
Honorable Joe A. Gonsalves Assemblyman, 66Th District, Room 4158, State Capitol, Sacramento, California
Failed to Qualify
Taxation: School Purposes California Initiative 45 (1969).