California does the two-step on adding more taxes
One of the reasons it’s more expensive to live in California than in Texas is that in Texas, the two-step is a dance, while in California, the two-step is a trick to raise your taxes.
We’re seeing it now with Proposition 13 on the March 3 ballot. This measure authorizes the state to borrow $15 billion from investors by issuing bonds. The money, which is said to be urgently needed for schools, will be paid back with interest from the state’s general fund. Proposition 13 do
Read more »