State’s Economy and Wilson
State Treasurer Kathleen Brown has decided how California can end its economic crisis: With higher taxes and more debt (Jan. 7).
Before a joint meeting of the Senate and Assembly local government committees, Brown called for lowering the current two-thirds vote for approval of general obligation bonds, which must be paid by property owners, to a simple majority.
The two-thirds vote for bonds has protected property taxpayers since 1879. We have lived through two world wars, a depression, and the incredible growth of California under the two-thirds rule. We should not lower our defenses during this period of economic crisis.
The treasurer says the two-thirds vote puts our state at a competitive disadvantage with other states. Raising taxes on property owners is not going to bring business to California. We have a smaller debt burden than neighboring states. If we are to revitalize our economy and restore luster to our golden state, this is one advantage we must keep.
JOEL FOX, President
Howard Jarvis Taxpayers Assn.
Los Angeles
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