School districts overspending their revenues are hoping for bailouts from Sacramento and/or voter approval of a pending ballot measure that would strip property tax limits from commercial real estate, raising as much as $10 billion a year.However, a new Public Policy Institute of California poll indicates that voters are not embracing the so-called “split roll” measure and the commercial real estate industry has pledged to spend $100 million to defeat it.
Gavin allocated money not yet taxed and the schools are spending it. Gavin be going to the debt markets as no one is really expecting the prop 13 revision to work. It will take us two years to fake it on taxes. All taxable parties will be holding onto taxes during the fake. The fake prop 13 revision also ties up DC which cannot find its own taxables while California does the fake for two years.
The nightmare of night mares, making the entire economy wait for our legislature to get a clue.
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