Blast from the Past

Economic Growth Turns State Deficit Into Surplus

“A brighter economic picture has turned an expected $1.5 billion deficit into a projected $200 million surplus. Republican Gov. George Deukmejian proposed a $30.3 billion balanced budget for 1984-85 with no general tax increases. He is calling for [a] 30 percent boost in funding for [the] University of California, [and a] 20 percent increase for California State University.” – The Associated Press, January 22, 1984. In “California’s Tax Machine: A History of Taxing ad Spending in the Golden State,” CalTax’s…

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Foster City, in San Mateo County

Predictions About Possible Uses of Land Led to Property Tax Hikes Prior to Proposition 13

“No tax cuts are likely for North Coast landowners, a county board has decided in one of the key tax decisions of 1971. … The appeals board’s pending decision backs Assessor John Seidlinger down the line. All but two of the findings say the high land values are justified on the basis of ‘investment holdings for future development.’ The two exceptions are some lands belonging to Big Creek Timber Company and the Purdy Ranch. But the assessor’s valuations were justified…

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