A Single Structural and Fiscal Property Tax Increase:homes of 4,000 square feet or more to pay an additional 1%

SAN FRANCISCO, CA (SEND2PRESS NEWSWIRE) — Because someone has to step up and suggest something: this year’s StateoftheState.com address deals with California’s property tax — All aspects of California Proposition 13 on property taxes are to remain the same except that homes of “4,000 square feet or more” are to pay an additional 1%.

“I’m not final and am open to input on who should get the revenue generated from the additional 1%,” said Kevin Olson of StateoftheState.com.

“However, the monies are meant for general fund(s).”

This proposal submitted by Kevin Olson.

More information: www.StateoftheState.com

News issued by: StateoftheState.com

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Original Story ID: (1143) :: 2006-01-0105-002B

Original Keywords: California Proposition 13 on property taxes, stateofthestate, Kevin Olson, Fiscal Property Tax Increase, general fund, California government, politics, proposal, homes, property, tax, law, revenue, state of the state, StateoftheState.com StateoftheState.com

News Source: StateoftheState.com