Increases taxes on earnings using sliding scale, for twelve years. Revenues go to K–12 schools and early childhood programs, and for four years to repaying state debt. Fiscal Impact: Increased state tax revenues for 12 years—roughly $10 billion annually in initial years, tending to grow over time. Funds used for schools, child care, and preschool, as well as providing savings on state debt payments.
Popular Vote Results
Carol Kocivar, President, California State Parent Teacher Association
Allan Zaremberg, President, California Chamber of Commerce
Rebuttal Against Author
Celia Jaffe, President, 4th District PTA, Orange County
TAX TO FUND EDUCATION AND EARLY CHILDHOOD PROGRAMS. California Proposition 38 (2012).