View Full Version : All SF Bay Area Our Children, Our Future ballot initiative may send tax cash right to California schools

04-20-2012, 03:04 PM
From S.F. Examiner (http://www.sfexaminer.com/local/education/2012/04/proposal-may-send-tax-cash-right-schools) by Amy Crawford:

As California public schools face another daunting year of state budget cuts, frustrated local parent groups are working to put a tax initiative on November’s ballot that would bypass Sacramento and send money directly to schools.

“It’s time to take this into our own hands,” said Michelle Parker, president of the San Francisco PTA, which is gathering signatures for the proposed ballot measure, called Our Children, Our Future.

Sponsored by the Advancement Project, an education advocacy group, and its founder, wealthy Pasadena lawyer Molly Munger, the ballot measure would raise at least $10 billion a year through a progressive income tax increase that would range from 0.4 percent for couples making less than $35,000 to 2.2 percent for couples making $5 million or more.

The money would be placed out of reach of the governor and the state Legislature in a trust fund that could only be spent in ways prescribed by the initiative. In the first four years, 30 percent of the money would be used at the state level to pay down education bonds, but most of the cash would be sent directly to schools on a per-pupil basis.

The California PTA is leading a petition drive for Our Children, Our Future, and members say they are optimistic they can gather the required half-million signatures.

But once on the ballot, the initiative will go head-to-head with another tax measure, the “Millionaire’s Tax,” which is backed by Gov. Jerry Brown and student and labor groups. That initiative’s supporters have decried Our Children, Our Future as endangering the likelihood that any tax measure will pass.

read more>> (http://www.sfexaminer.com/local/education/2012/04/proposal-may-send-tax-cash-right-schools)