By Richard Bammer
Educators want it; local taxpayer groups don’t: Proposition 55, the Tax Extension to Fund Education and Healthcare initiative.
One 17 state initiatives on the crowded Nov. 8 ballot, it extends by 12 years the temporary personal income tax increases enacted in 2012 on earnings of more than $250,000. The money would be disbursed to K-12 schools, California community colleges, and, in certain years, to health-care programs.
The measure would essentially extend 2012’s Proposition 30, which sent billions of dollars to the state’s 1,000 school districts, among other funding recipients, including public safety.