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Re: Kalifornia to send out I O U 's tomorrow (train service affected?)
Author: Joe Thyle
Date: 07-01-2009 - 07:25
Does spellcheck check and correct some one to be someone, as it is correct?
But really folks- prop 13 worked to curb the upward spiral of spending - before that it was a simple matter to raise revenues without "raising taxes" the body just raised assessment rates, then assessment values, then rate, then assessed values.... then property taxes ate up the retired folks in the 70s inflation jump.
As for folks who voted FOR bond issues , it took a loooong time to learn that a bond issue in Kalifornia doesn't mean what you thought it meant- that money goes wherever the legislature wants it to go later, and they didn't even have to make a "tax" for it.
Nuke Sacramento
But really folks- prop 13 worked to curb the upward spiral of spending - before that it was a simple matter to raise revenues without "raising taxes" the body just raised assessment rates, then assessment values, then rate, then assessed values.... then property taxes ate up the retired folks in the 70s inflation jump.
As for folks who voted FOR bond issues , it took a loooong time to learn that a bond issue in Kalifornia doesn't mean what you thought it meant- that money goes wherever the legislature wants it to go later, and they didn't even have to make a "tax" for it.
Nuke Sacramento
