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HomeMy WebLinkAboutMINUTES - 06262012 - SD.4RECOMMENDATION(S): CONSIDER a position of support for "The Schools and Local Public Safety Protection Act Version 3," the Governor's hybrid tax measure jointly sponsored by the California Federation of Teachers, as recommended by Supervisors Gioia and Mitchoff. FISCAL IMPACT: According to the LAO, the Governor’s revised tax proposal would result in additional state revenues estimated by the administration at $8.5 billion in 2011-12 and 2012-13 combined. BACKGROUND: To ensure a greater chance at successfully passing his proposed tax initiative, on March 15, Governor Brown announced that an agreement had been reached with the California Federation of Teachers (CFT) to combine its measure with his measure into one November 2012 ballot initiative: The Schools and Local Public Safety Protection Act Version 3." The coalition backing the new hybrid measure is called "Californians Working Together." A copy of the Attorney General's Title and Summary is attached. Perhaps the most important aspect of the merger is that the new initiative contains the constitutional amendment which guarantees funding for realigned programs, language supported by the CSAC Board of Directors in February. When he formed the compromise with CFT, Governor Brown indicated that he would continue to circulate his original petition to ensure that at least one of the measures would qualify. Subsequent to that announcement, the Governor determined that the compromise measure had sufficient support to qualify for the ballot, and he suspended signature gathering on his original measure. Consequently, the compromise measure is the only vehicle available to APPROVE OTHER RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE Action of Board On: 06/26/2012 APPROVED AS RECOMMENDED OTHER Clerks Notes: VOTE OF SUPERVISORS AYE:John Gioia, District I Supervisor Candace Andersen, District II Supervisor Mary N. Piepho, District III Supervisor Karen Mitchoff, District IV Supervisor Federal D. Glover, District V Supervisor Contact: L. DeLaney, 925-335-1097 I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervisors on the date shown. ATTESTED: June 26, 2012 David Twa, County Administrator and Clerk of the Board of Supervisors By: June McHuen, Deputy cc: SD. 4 To:Board of Supervisors From:Supervisors Gioia and Mitchoff Date:June 26, 2012 Contra Costa County Subject:Consideration of Support for Governor's Revised Ballot Initiative counties to obtain constitutional protections for the 2011 Realignment. (Note that the identical constitutional protections contained in the Governor's original measure and those negotiated in the original SCA 1X are included in the hybrid measure, along with the guaranteed funding for realigned programs, and protections from state and/or federal encroachment.) The new measure continues to dedicate funds to education and help balance the state budget; additionally, it makes changes to the personal income tax rate and changes the length of time those rates will remain in effect. The negotiated measure also proposes a lower sales tax rate than contained in Governor Brown’s original initiative. The following table compares the provisions of the two measures: BACKGROUND: (CONT'D) Governor's Measure March 15 Hybrid Measure Personal Income Tax Provisions Income for Single (Joint) Filer $250,000 ($500,000) 1%1% $300,000 ($600,000) 1.5%2% $500,000 ($1,000,000) 2%3% LENGTH OF TAX 5 YEARS 7 YEARS Sales Tax Provisions RATE 1/2 cent 1/4 cent LENGTH OF TAX 4 YEARS 4 YEARS The language for the combined initiative was filed with the Attorney General’s office on March 14; on May 4, the Governor and CFT submitted signatures to qualify the measure for the November 2012 ballot. The revenues raised by the temporary taxes are in addition to the funding guarantee for the realigned programs, which comes from existing sales and use tax and VLF fund sources. The revenues generated from these temporary taxes in the hybrid measure are dedicated to K-12 education and community colleges and are subject to the Proposition 98 calculation. The revenues raised by the measure are to be deposited directly into a newly created fund and allocated to schools, bypassing the Legislature. This feature essentially means that these revenues are first to fill the "bucket" of the state's annual Prop. 98 calculation, thus saving the state about half that amount which can then be used for other state General Fund purposes. The Governor’s revised tax proposal would result in additional state revenues estimated by the administration at $8.5 billion in 2011-12 and 2012-13 combined. While essentially all of the income tax related revenue would be received in 2012-13, a portion would be attributed to 2011-12 under the Governor’s January revenue accrual proposal. (The $7.9 billion administration projection of increased income tax revenue includes about $400 million related to the Facebook IPO.) The additional revenues generated from these tax increases result in an increase in the Proposition 98 minimum guarantee. The administration estimates that this increase totals $2.9 billion in 2012-13. Accordingly, the net benefit to the General Fund from the tax measure would be $5.6 billion in the FY 12-13 budget under the May Revision projections. CONSEQUENCE OF NEGATIVE ACTION: CHILDREN'S IMPACT STATEMENT: CLERK'S ADDENDUM Speaker: Rollie Katz, Public Employees' Union, Local One. ATTACHMENTS The Schools and Local Public Safety Protection Act Version 3