Summary
We were pleased that Vice Mayor Larry Small took the time to work up a spread sheet showing what a radically revised local tax system might look like. Few politicians are bold enough, or foolhardy enough, to attach their names to a proposal whose centerpiece is a nearly 600 percent increase in the city property tax.
Clearly, Small realizes that the plan, as presented, would never pass muster with the electorate. It's a radical, sweeping proposal which would both raise taxes and infuriate many special interest groups. But, as Small intended, it might ignite a healthy discussion about our tax system.See the full content of this document
Extract
Bold Tax Plan; Really Bad Timing
This year, the aggregate budget shortfalls of the 50 states could exceed $120 billion. California, with a projected deficit of $22.8 billion, leads the natio...
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