|
Yes
on Prop. 30
|
No
on Prop. 38
|
Impact
on CSU
|
CSU
avoids a $250 million trigger cut.
Students receive $498 tuition refund. Provides revenue for future faculty
bargaining.
|
Does
nothing for the CSU system, students, and faculty.
|
Helps
Balance State Budget
|
Expected
to generate over $7 billion annually and will balance the state budget by paying
back debt to education.
|
Expected
to contribute $1.5 billion in 2012-13 and $3 billion thereafter to pay back
state general obligation bond debt for only four years.
|
Prop.
98 Impact
|
All
funding will go through the state’s general fund and helps repay the money
owed to public education.
|
These
funds cannot be used to support the Prop. 98 guarantee and do not help pay
back what is owed to public education. Creates another state
special fund.
|
Who’s
Taxed?
|
Families
with incomes over $500,000 and 0.25% increase in sales tax rate. The income
tax increase focuses on high earners.
|
Income
taxes are raised on all income levels for almost all Californians. It will be
a significant hit to the middle class.
|
Attractive
to Broad Coalition
|
Education,
labor and business support Prop 30 as it helps balance the state budget by
paying down the wall of debt and providing funding for public education.
|
Due
to a narrow focus on K-12 and early childhood education, higher education and
other essential services are left out.
|
How
Much $/Year
|
$8
to $10 billion annually.
|
$8
to 10 billion annually.
|
Funds
Education and Other Services
|
Frees
up general fund money to pay for higher education and other public services.
|
Funds
go to early childhood and K- 12 education BUT can’t be used to fund existing
teachers, education support professionals and other school staff. NO support
for higher education and other essential services.
|
What
if both pass in November?
|
The
initiative with the most votes prevails, if both exceed 50% of the “yes”
votes.
The California Budget Project has detailed analysis and comparisons of the two.
|
The California Faculty Association
strongly supports Proposition 30.
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