The passage of Prop. 26 would make it easier to raise the money needed to address these issues. Bond issues are a sensible way to fund school construction and repairs. Thus, the effective interest rate typically is only a few percent in constant dollars. However, this is a specious argument. All except the homeless pay property taxes.
Landlords simply pass along the taxes to their renters.
Good schools benefit all of us. Let's begin to solve our school facilities problems here in California. The Irascible Professor invites your comments . All rights reserved.