Proposition 3
PROVIDES PERMANENT FUNDING FOR SCHOOLS AND HEALTH CARE BY EXTENDING EXISTING TAX ON HIGH INCOMES. INITIATIVE CONSTITUTIONAL AMENDMENT.
Makes permanent existing voter-approved tax rates for individuals earning over $371,000 (adjusted annually for inflation). Allocates tax revenues to public education. Fiscal Impact: Maintains $5 billion to $15 billion of annual state income tax revenue by making a temporary tax increase on high-income earners permanent instead of letting it expire in 2031.
Criteria:
1-Intent and structure of the tax (i.e. a % rate or other amount of tax).
2- Amount of tax generated per year and the duration of the tax.
3- Is this a Special or General tax? (Not normally described in state taxes, but the more specific it’s described, the more credit they should receive).
4- Where is the money specifically going? (particularly if a special tax).
5-Is there an existing or similar tax already in place? If so, that tax information should be included.
****** Extraneous language unrelated to the matter (-1 point )
Score: 4.6
Comments: The score was slightly lowered from the maximum of five because it should have provided some more specific justification as to why the proposition was needed and what situation would remain if the Proposition doesn’t pass.
