Proposition Summary

Increases taxes on earnings using sliding scale, for twelve years. Revenues go to K–12 schools and early childhood programs, and for four years to repaying state debt. Fiscal Impact: Increased state tax revenues for 12 years—roughly $10 billion annually in initial years, tending to grow over time. Funds used for schools, child care, and preschool, as well as providing savings on state debt payments.

Proposition Number

38

Year

2012

Document Type

Proposition

Pass/Fail

Fail

Popular Vote Results

Y:3541199;A:28.7;N:8789890;B:71.3

Election Type

General Election

Proposition Type

Initiative Statute

For Author

Carol Kocivar, President, California State Parent Teacher Association

Against Author

Allan Zaremberg, President, California Chamber of Commerce

Rebuttal Author

Andrew Wong, Member, Pomona Unified School District, Board of Education

Rebuttal Against Author

Celia Jaffe, President, 4th District PTA, Orange County

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