HOMELESS PLAN FUNDED BY EXISTING MILLIONAIRES TAX

In a “town hall” style meeting yesterday, State Senate President pro Tem Kevin de Leon discussed his ideas on how to address homeless issues in the State.  For several years the Legislature and local government have sought to find new revenue sources to fund more social programs and affordable housing initiatives.  The main idea is to fund a $2 billion dollar bond that will go directly to mental health and housing needs that will be paid for through an existing tax – Proposition 63 (passed in 2004) which imposes a 1 percent tax on incomes above $1M.  de Leon states that he is in negotiations with the Governor to try to make the funding happen without the need for a Legislative bill.  Click here for more information.

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