Joel Fox, Editor of Fox & Hounds and President of the Small Business Action Committee, takes a look at the “Tsunami of Local Taxes” on November’s ballot.
According to a report compiled by the California Taxpayers Association, a record number 421 local taxes and bonds (paid by increased property taxes) will hit the state’s many local jurisdictions in November. In addition to the up to $10-plus billion a year in taxes on the state ballot, 228 local taxes could add $3 billion a year in taxes and 193 bonds an additional nearly $32 billion. Click here to read the full story.
