IRVINE : School Trustees Delay Decision on Tax Proposal
Now is not the time to ask voters to approve a new tax, the Irvine Unified School District’s trustees decided this week.
The board Tuesday put on hold a property tax proposed to help support the financially troubled district. Trustee Margie Wakeham said the panel will revisit the issue in late August.
The earliest the tax could be proposed to voters for approval, she said, would be on the presidential primary ballot in March, 1996.
School board members say a parcel tax of $100 a year on residential and commercial property could bring the district an additional $4 million in annual revenue. The 21,700-student district had $107 million in Orange County’s failed investment pool, a larger amount than any other school district.
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