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by the California Taxpayers' Association. Cal-Tax Home Page | About Cal-Tax | Subscribe |
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Local School Bond and Parcel Tax Approval RatesBy Stephen Kroes |
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| Since 1996, local school taxes and bonds have been passing with record high approval rates. Local general obligation bonds include an increase in ad valorem property tax rates to fund debt payments, typically over 20 to 30 years. They are strictly limited to pay for capital improvements, such as new or improved school buildings. Parcel taxes are usually used to fund operations and are a fixed amount per parcel. | Stephen Kroes is Cal-Tax director of research |
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It is not certain why voters have shifted to greater approval, but the strong California economy probably has helped soften concerns over whether new taxes are affordable. |
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