California Approves Higher Taxes to Save the State and Schools


0  Updated at 2:47 am, November 8th, 2012 By: ABC Digital
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iStockphoto/Thinkstock(SACRAMENTO, Calif.) — With the state billions in the red, California voters on Tuesday passed Proposition 30 by about eight percentage points that both boosts the sales tax and puts heavier income taxes on the rich.

Gov. Jerry Brown hopes to generate at least $6 billion for the state, end college tuition hikes and halt the cuts to schools that include teacher lay-offs.

The governor, who will also have the benefit of a Democratic super majority in each legislative house, told reporters on Wednesday, “The real lesson here is that voters have trusted the elective representative…maybe even trusted me to some extent…and now we’ve got to meet that trust.”

The income tax hikes will last seven years while the sale tax boost expires in four years.

Copyright 2012 ABC News Radio

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