More tax, less tax, what’s next?

The voters have spoken, and despite the Blue Wave that swept the rest of the nation, questions remain about the future of our local communities and how they’ll be affected by the 14, wallet-impacting ballot measures that were decided on Nov. 3. Below are some of the key issues and how they fared. Results are official on Dec.11. • Prop. 1—$11.25-billion housing bond. Pro: funds affordable rental, veteran and supportive housing. Con: adds roughly $500–600-million year in debt service for 25 years. Yes 59%–41% • Prop. 2—Rainy-day fund. Pro: lets California build larger reserves against recessions. Con: measure gives Sacramento greater ability to retain tax revenue when it might be better on immediate needs. Yes 60%–40%. • Prop. 3—Extends tax rate on certain high-income Californians. Pro: provides permanent funding for schools and healthcare. Con: opponents cite already-high taxes and danger of wealthy taxpayer migration. Yes 59%–41%. • Prop. 5—Changes how recall elections work.

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