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  • Voters Putting Breaks on New Taxes, Bonds

    By  Loren Kaye   -  March 13, 2020

    After several election cycles opening their wallets, Californians used the March 3 ballot to express skepticism of new tax and bond measures.

    Perhaps the biggest surprise was the apparent defeat of Proposition 13, the statewide school bond measure. Not all ballots have been counted, but as of the latest report, the measure is losing by 8 percentage points—more than 600,000 votes. A statewide school bond measure hasn’t failed in 26 years.

    Many reasons have been suggested for this failure—the sheer size of the bond ($15 billion), that it was not supported by the Los Angeles school board, opposition by taxpayer groups, contemporaneous stock market volatility in the wake of coronavirus, or an older electorate less conducive to investing in schools.

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