Proposition 30; Funding for Schools and Education - KCOY Santa Maria, Santa Barbara, San Luis Obispo - News

Proposition 30 Passes; Funding for Schools and Education

Proposition 30 is the initiative that will temporarily use taxes to fun education. People with incomes over $250,000 would have their taxes increased for 7 years and sales taxes would increase by 1/4 cent for 4 years, to fund schools.

Guarantees public safety realignment funding. The fiscal impact for the measure is the increased tax revenues through 2018-2019, averaged to about $6 billion every year for the next four years. Other impacts for his initiative are no education reductions to education programs in 2012-2013 school year.