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SacTax Newsletter 2017

Sacramento Taxpayers Association members, board and friends:

 

Sacramento Taxpayers Association

1st Quarter  Newsletter 2017

 

SAVE THE DATE!

SacTax Annual Dinner & Golden Fleece Awards

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April 18, 2017 at The Dante Club.

Our featured Speaker is Assemblyman Travis Allen, R-Huntington Beach. Allen has run his own small business for more than a decade as a Financial Planner, focused on creating and preserving wealth for working families, retirees, and local business owners.

This is our second year at The Dante Club. We will enjoy again the delicious family-style dinner: mixed green salad, pasta with meat sauce, spinach ravioli with pesto cream, balsamic chicken, tri tip, rolls and ice cream.

$55 per ticket, or

$500 for a table of 10

and sponsorships are welcome!

 

 

Sac Tax Updates

Voter turnout in Sacramento County in November 2016 was 75.4%, according to our county registrar.

MEASURE B

Measure B was defeated!

Measure B was a sales tax increase for transportation and transit. Sacramento voters are already paying a special sales tax we were told would improve roads. Measure B asked voters to support a new tax, a double tax, that continued the same failed policies.

Despite Sacramento Mayor-elect Darrell Steinberg’s $200,000 contribution and help fundraising, Passage of Measure B fell short of the 2/3 supermajority needed to pass.

SacTax campaigned extensively against Measure B – on radio, in newspapers and online news, and television interviews.

Measure B did not reach an 80% or above “yes” vote in any of the 1264 precincts reporting county-wide.  Proponents of B have already conceded defeat and the Bee ran a grieving, whining obituary on its defeat in an editorial (linked).

According to Craig Powell, the City of Sacramento will almost certainly place another measure on the Nov. 2018 ballot to extend the Measure U one-half percent sales tax, which the city now collects.  This could be awkward for Sacramento city council members with both a Measure U sales tax extension and a “Son of B” transportation sales tax hike on the same ballot in 2018, as it would increase the chances of voter rejection of the Measure U renewal, which is their paramount concern.

Thanks to the No on Measure B committee!

 

MEASURE G

Measure G was also defeated!

…Despite strong teacher and school employee union support.

SacTax campaigned extensively against Measure G – on radio, in newspapers and online news, and television interviews.

Measure G would have imposed a $75 annual tax on Sacramento City Unified School Disctrict property owners,

to generate $7 million a year for programs in the district. The proposal received 65.3 percent of the vote, but needed 66.7 percent threshold to pass.

 

in the news….

California Pension Scheme

 

Mapping The $100,000+ California Public Employee Pensions At CalPERS Costing Taxpayers $3.0B

 

 

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In California, according to data captured by OpenTheBooks.com, the Top 10 All-Time CalPERS public employee pensions start at $390,485 per year.

The California Public Employee Retirement System (CalPERS) is the USA’s largest pension fund with $301 billion in assets. It’s also a lucrative transfer mechanism helping 1,251 local governments confer ‘highly compensated’ pensions to tens of thousands of public employees. Updated numbers displayed at OpenTheBooks.com show there is a $2.8 billion annual cost to payout 21,862 six-figure public-sector retirees via CalPERS.

It’s a massive payout equivalent to the combined income tax payments of nearly 1.6 million individual California taxpayers.

So which CA governments conferred the most $100,000 plus pensions through CalPERS?

 

Read the article at Forbes

 

California’s Total Government Debt Rises to $1.3 Trillion

by Ed Ring 

just released study calculates the total state and local government debt in California as of June 30, 2015, at over $1.3 trillion. Authored by Marc Joffe and Bill Fletcher at the California Policy Center, this updates a similar exercise from three years ago that put the June 30, 2012 total at $1.1 trillion. As a percent of GDP, California’s state and local government debt has held steady at around 54 percent.

For a more detailed analysis of how these debt estimates were calculated, read the studies, but here’s a summary of what California’s governments owe as of 6/30/2015:

 

Read the article at SacTax.org    Ed Ring is the vice president of policy research at the California Policy Center.

 

Taxes, Fees, Charges and Assessments: What Difference Does It Make?

by Jon Coupal

 

What’s the difference between a tax and fee? There is no easy answer and the political class likes it that way. In fact, they would prefer that the public remain confused to the point of apathy.

The political class, of course, consists of elected officials, bureaucrats and their special interest allies who are to the Capitol what insider traders are to Wall Street. Working in lockstep, their approach to increasing the take from taxpayers was best outlined by Jean Baptiste Colbert, Minister of Finance under Louis XIV of France: The art of taxation consists in so plucking the goose as to obtain the largest possible amount of feathers with the smallest possible amount of hissing.

But taxpayers are not defenseless because Propositions 13 – later strengthened by Proposition 218, the Right to Vote on Taxes Act – provides effective weapons against an insatiable government ever in search of more revenue. These include voter approval requirements. At the state level, new or higher taxes require a two-thirds vote of each house and, at the local level, voter or property owner approval requirements allow those who have to pay a government exaction (no matter what it is called) an opportunity to say no.

To read the entire column click here: 

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*Be sure to regularly check the SacTax Latest News section on our website.

 

Double check the SacTax annual calendar for meeting dates

 

 

 

The next meeting is Thursday, February 16, 2017 – We hope to see you there!

Mimi’s Cafe

2029 Alta Arden Way

Sacramento, CA 95825  SEE MAP

(near Arden Way and Exposition Blvd)