“Voters are being asked to make permanent changes to the state constitution, and those are far harder to undo than to pass,” Kersey added.<\/p>\n
According to the group, Propositions 1 and 37 both address housing, with Proposition 1 adding “roughly $580 million a year in general fund debt service for about 30 years — some $17.4 billion in principal and interest, paid regardless of how the funded programs perform.”<\/p>\n
In contrast, Proposition 37 “pursues an overlapping goal through $25 billion in revenue bonds repaid by the borrowers themselves, at no direct cost to government according to the Legislative Analyst’s Office,” the association said.<\/p>\n
Proposition 3 “would strike the 2030 expiration date from an income tax surcharge voters were twice told was temporary, deepening the state’s reliance on a small group of top-bracket filers who already supply roughly half of all personal income tax revenue,” the group said, adding Proposition 40 “raises the mirror-image problem.”<\/p>\n
Proposition 40 is a one-time tax “on the net worth of roughly 200 people to Medi-Cal, an ongoing entitlement whose costs do not stop when the revenue does,” the San Diego group added.<\/p>\n","protected":false},"excerpt":{"rendered":"“Voters are being asked to make permanent changes to the state constitution, and those are far harder to…\n","protected":false},"author":2,"featured_media":458412,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[74,76,75],"class_list":["post-458411","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-diego","tag-san-diego","tag-san-diego-headlines","tag-san-diego-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/458411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=458411"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/458411\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/458412"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=458411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=458411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=458411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}