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CSPP
Bay Area Council campaign to fight tax measures across the region
Linked below, is a timely message from the SF Business Times, regarding the number of new tax proposals we are seeing on the current ballot. It reports that
"Bay Area Council CEO Jim Wunderman said the business-advocacy group is spending $1 million for a digital ad campaign that will take a broad swipe against nearly three dozen local tax measures appearing on ballots around the Bay Area next month.
"That’s not a big sum in California politics, but it represents a
shift for the business group that’s long focused on regional public policy
issues such as transportation, housing and water — and regularly supporting tax
measures to pay for that infrastructure."
CLICK HERE TO READ THE ENTIRE ARTICLE
The article goes on to report,
"The specter of taxes rising even higher taxes is already spooking California’s wealthy, with San Francisco’s prolific fintech investor Ron Suber moving to Boulder, Colorado last weekend. Former Wells Fargo CEO Dick Kovacevich predicts that a California wealth tax will spur a stampede out of state.
"Big investor Alison Davis, with deep roots in the Bay Area, worries that the situation will become "untenable" for those with high incomes to stay in California, given the state’s costly public pensions.
"One of the big challenges is that local tax measures might be sold to voters as a way to support services such as parks, roads and libraries, but the general-fund money is often used to pay for the growing burden of public employees’ pension and retiree healthcare benefits, Wunderman said. “We don’t think there’s accountability there.”
Keep this quote in mind when you're voting:
"One of the big challenges is that local tax measures might be sold to voters as a way to support services such as parks, roads and libraries, but the general-fund money is often used to pay for the growing burden of public employees’ pension and retiree healthcare benefits, Wunderman said. “We don’t think there’s accountability there.”
CSPP
www.facebook.com/citizens4pensionreform