Jarvis Tax Initiative cost: 8 Billion Valley News (Van Nuys Cal) 18 Oct 1977

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Jarvis Tax Initiative cost: 8 Billion
Valley News (Van Nuys Cal)
18 Oct 1977
 - civil federal restraining suit Jarvis tax...
civil federal restraining suit Jarvis tax initiative cost: $8 billion to By BILL PACKER V«IH| *··» CaUrM Burma SACRAMENTO -- An $8 billion a year loss for local government i* being predicted if a property tax reform initiative known as the Jams Amendment makes the June 1978 ballot and is approved by voters. Although supporters of the inm- atix-e insist there will be no revenue revenue loss to local government, opponents opponents say passage of the plan wjll have a "devastatingaffect"on local government. If projected loss figures by the legislative analysis here are accurate, accurate, the result will either be a major major reduction in services (possibly as much as two-thirds) or increases increases in other taxes The state more than likely would have to pick up the lost revenues revenues through increases perhaps in such taxes as sales and income An official in the state controller's off ice said it would take about a 30- ren? increase in the sales tax to make upthedifferenceorat least a doubling of the income tax However, there i no question property owners would pay far less taxes. But, "If slate taxes arc- in reased to make up the loss of revenue to local government, homeowners will in all probability experience a net increase as they pay a smaller share of the total property tax than they do of other major taxes uch as sales tax. income tax. etc . etc ," said an Assembly Revenue and Taxation Committee staff an.ih -i-. of the initiative A co-sponsor of the proposition on the other hand, noted that lo »] government spending has gone up much faster than the population growth rate and the only uay to reduce the spending is to « u j iho amount of money available to officials officials Observers point out thai similar property tax limitations efforts in Ihe past have fallen by the way- sine -- either through insufficient voter signatures 10 qualify for placement on the ballot or defeat at the polls However, many hehe\e the latest latest effort has a good chance of success success because of the growing public ire over spiraling property taxes renu r fonr) .md \t«ar 1 » p,j.-s ynv relief of i to r.- Supporter- nou ihdt the initiate- initiate- !·- gaining MJpporl For m- -".ince !/·.- \ngeJesroijntvSiipcr- \ i-ior .Inm".- Have* has endorsed ;1 (.iltboiigh he is planning to in u- lite ,i similar onr of his own) and A-ssemhlv Minority leader Paul Pnolo. R-Woodland Hills. -aid he might support the plan Actually, petition- for two tax reform initiatives .iy« no\\ bc-mc i imitated beside? th^ 11710 ptarrned by Hayes, but mam fee) at trn point only one h'is a rnnre It is sponsored by Howard Jarvis. chairman o: the United Organizations Organizations of T.axpn-ers Inc (and perennial tax i n i t i a t i v and Paul G a n n . f o u People's Advocate Inc The i n i t i a t i v e hmit-. 1 ms on real proper 1 \ 10 ] of market value except to pa dehtedr/c.-v- previously approved by voters Ow n^r- for exampl* of a worth $47 000 would pav $470 ]n combined property taxe^. about $740 lrv thar the current stai^-wide. acr-oHing to the A- sembiv committee staff analysis Th.ai analysis states in part Man-, nrovi-inn.-. of this initia- t i v e ,,re vague and poe probm for implementation exan pie how will tbe 1 Please turn to page 6,

Clipped from Valley News18 Oct 1977, TuePage 1

Valley News (Van Nuys, California)18 Oct 1977, TuePage 1
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  • Jarvis Tax Initiative cost: 8 Billion Valley News (Van Nuys Cal) 18 Oct 1977

    dtmejia – 14 Jan 2013

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