This tax gets a solid 'F
Editorial/Long Beach Press-Telegram
The voters inside the boundaries of the Los Angeles Unified School District have been generous to schools. Very generous - billions-of-dollars generous. In the last 13 years, property owners have taken on $20 billion worth of debt in the form of five bond measures to build schools. The debt comes due twice a year in property tax bills and will continue well into the next two decades. But that generosity has a limit, and LAUSD may have reached it with the four-year, $100-a-lot parcel tax on the June8 ballot. School officials make the case that education has taken a huge hit in the economic crisis. No doubt it has, and it will continue to do so before the economy improves. (more...)