|Class Size Reduction Kindergarten-University|
Public Education Facilities Bond Act of 1998.
|Arguments on this page are the opinions of the authors and have not been checked for accuracy by any official agency.|
OF COURSE BONDS RAISE TAXES!
Bonds are paid off entirely from taxpayers' pockets--the more bonds, the more taxes to pay for them. This one will cost an average family $2,000--paid entirely through your state taxes. It's that simple.
Proposition 1A adds $750 million per year every year for the next 20 years to the annual state budget--PAID ENTIRELY BY TAXPAYERS.
The needs of our schools are real--but bonds are the most expensive possible way to finance them--costing us $1.70 in taxes for every $1.00 of spending.
Don't be fooled: Most of Prop 1A's construction reforms are already state law--WHETHER OR NOT Prop 1A passes.
Prop 1A is on the ballot because politicians put it there. Instead of responsibly using part of the state surplus for pay-as-you-go school construction, they spent it on huge increases for welfare benefits and political pork. Now they want you to borrow 20 years into the future--at premium interest rates.
It doesn't matter to the politicians, with term limits they will be gone, but your children will still be making payments on these bonds twenty years from now.
Legislators return to work on December 7th. Your "NO" vote will tell legislators to spend the budget surplus on schools not pork!
ASSEMBLYMAN TOM MCCLINTOCK
President, California Republican Assembly
SENATOR RAY HAYNES