Tags: California's | Referendum | Can | Lead | Nation

California's Referendum Can Lead Nation

Tuesday, 19 October 2004 12:00 AM

Not only did Prop. 13 pass, it led to a 53 percent reduction of property taxes in the state and it started a firestorm of protest against such taxes all across the nation. Since then, more than 40 states have passed property tax reduction or limitation measures.

And since then, Californians have gone on to lead the nation in scores of other ballot initiatives, getting a reputation as a state where everything is open for debate and, if need be, change.

This year is no different.

There are a slew of other initiatives and proposals voters will decide upon when they head to the polls Nov. 2:

According to descriptions of the measure, if passed it will allow revenue raised locally from property taxes to remain with local governments, ensuring continued funding of public safety, health, libraries and parks.

Some analysts believe that, depending upon how Californians vote, the state's agenda could be set for the next several years.

Adam Sparks, writing in the San Francisco Chronicle Oct. 18, says the sheer number of initiatives make it imperative to "separate the wheat from the chaff," adding voters could wind up saddling themselves with billions in new taxes.

"The fiscal crisis is still there -- you'd think our politicians would have spent the last year cutting waste and spending, but you'd be wrong. Now comes a ballot loaded with still more billions in government spending dressed up as bonds, which are essentially taxes, because taxpayers end up paying the interest," Sparks writes.

"In a single election, in addition to sentencing themselves to billions of dollars' worth of bond indebtedness, Californians will decide the state's future in health care, gambling, local-government financing, the release of felons, tort reform and whether the method of selecting candidates should be radically changed," he says.

Some issues have millions of dollars' worth of backing. For example, Proposition 71, the stem cell research initiative, is being supported by about $19 million, half of which has come from venture capitalists, the Los Angeles Times reports. In fact, says the paper, some critics of the initiative see foul play.

"The number and size of the donations have prompted opponents to accuse the investors of lining up to profit from an initiative that would send $3 billion in taxpayer money to scientists in search of medical breakthroughs," the paper said.

And the two Indian gaming proposals, Propositions 68 and 70, are both opposed by Gov. Arnold Schwarzenegger. According to his office, he believes the state's fiscal problems can best be tackled in other ways.

"The governor does not believe that a massive, unlimited and unregulated expansion of casino gambling in California is the answer to any of the state's problems," Schwarzenegger political consultant Todd Harris told UPI. "He knows that the only way to get a fair share from our gaming tribes is through one-on-one direct talks, not through the initiative process."

A coalition of gaming interests had raised $30 million to campaign for passage of Proposition 68, the Indian casino expansion measure, but have pulled the plug on the campaign after the issue garnered negative public opinion in polling and a "no" vote from the governor's office.

106

© 2019 Newsmax. All rights reserved.

   
1Like our page
2Share
Pre-2008
Not only did Prop. 13 pass, it led to a 53 percent reduction of property taxes in the state and it started a firestorm of protest against such taxes all across the nation. Since then, more than 40 states have passed property tax reduction or limitation measures. And since...
California's,Referendum,Can,Lead,Nation
529
2004-00-19
Tuesday, 19 October 2004 12:00 AM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved