About two-thirds of California’s 944 public school districts run negative balance sheets.
These statements show the most distressed districts could soon reach a tipping point into insolvency and receivership.
Of the state’s large school districts, those in severe distress include Los Angeles Unified School District, with a negative $10.9 billion balance sheet; San Diego Unified at negative $1.5 billion; Fresno Unified at negative $849 million; and Santa Ana Unified at negative $485 million, the worst in Orange County.
In 2018, Americans will pay $3.4 trillion in federal taxes and $1.8 trillion in state and local taxes, for a total bill of $5.2 trillion, or 30 percent of the nation’s income. Americans will collectively spend more on taxes in 2018 than they will on food, clothing, and housing combined. Tax Freedom Day, which is the date that represents how long Americans as a whole have to work in order to pay the nation’s tax burden, fell this year on April 19, 2018. What this means is we spent 109 days this year working to pay the government, at all levels.
The situation in California is even worse! California’s top tier income tax rate is the highest in the nation at 13.3 percent, according to the Tax Foundation and the California Taxpayers Association. Per capita, Californians pay $1,991 annually in state income taxes, which ranks fourth highest in the country, according to the Tax Foundation. Continue reading →
It is bad enough that the SAUSD School Board, led by Trustees John Palacio and Valerie Amezcua, is trying to raise our taxes again – for the third time in Palacio’s tenure. But today the SAUSD sent a mailer to every resident in the district touting their latest tax raising scheme, Measure I. Imagine what this cost?
It is of course thoroughly unethical for the SAUSD to spend taxpayer money to promote a tax raising bond measure! Continue reading →
There are ten thousand children in Santa Ana who are considered to be homeless. Many of them live in garages or sleep on couches in the homes of relatives or friends of their families. But they don’t have their own homes.
Meanwhile high demand and low vacancies continue to drive rents higher for Southern California apartments, condos and houses this year, according to the O.C. Register. Orange County asking rents were $1,885 a month in the first quarter this year, up $73 a month or 3.8 percent year over year. Continue reading →
SAUSD School Board Trustee John Palacio has been in office for 20 years and in that time he has personally raised our taxes by a whopping $720 million dollars. He wants to pass a third school bond measure this November, Measure I, putting us another $232 million dollars in debt.
Santa Ana voters approved Measure C in 1999, a year after Palacio was first elected. Measure C was a $145-million bond issue based on the promise of building 13 new schools. However, after C passed with 70.3% of the vote, district officials spent $450 million building five schools.Continue reading →