Symantec Chairman calls for Prop 13 reform
Blog by John Fensterwald/Educated Guess
This was not your typical after-dinner acceptance speech by a corporate honoree. On receiving the Silicon Valley Education Foundation’s annual Pioneer Business Leader Award last week, Symantec Corp. Board Chairman John Thompson called for reforming Proposition 13 to provide more money for public schools. “No one wakes up every morning and says, ‘I want to pay more taxes,’” Thompson told 600 people at the Foundation’s annual dinner in San Jose. But the insufficient funding of schools is a “core issue” that needs to be dealt with. Proposition 13 limits taxes on real estate to 1 percent of a property’s assessed value. (more...)