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By Jon Coupal
In a bit of irony, this March there will be a Proposition 13 on the California statewide ballot. But unlike the landmark taxpayer protection of 1978, the Prop. 13 of 2020 will put taxpayers on the hook for $27 billion.
There’s another big difference between Prop. 13 (1978) and Prop. 13 (2020). The first was the result of a massive grassroots campaign by citizen taxpayers and homeowners striking back against out-of-control property taxes while the fake Prop. 13 was put on the ballot by the California legislature.
Prop. 13 (2020) is a huge $15 billion statewide school bond chock full of hidden traps for taxpayers. First, it reflects typical credit card math by Sacramento politicians because it would borrow $15 billion from Wall Street and then make taxpayers pay it back plus 80% in total interest costs. That’s an additional $12 billion we’ll be forced to pay, bringing the entire bill to $27 billion.
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www.whittierdailynews.com/opinion
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www.sgvtribune.com/opinion
www.ocregister.com/opinion
www.pe.com/opinion
www.dailynews.com/opinion
www.pasadenastarnews.com/opinion
www.sbsun.com/opinion
www.dailybreeze.com/opinion
www.presstelegram.com/opinion
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