A good idea for stability in California’s educational system:
The California Teachers Association has put together an initiative that would raise the state sales tax by a penny and dedicate all of the resulting revenue to education.
The CTA initiative would generate an estimated $5 billion to $6 billion a year. Of that, 89 percent would go to K-12 schools, and the rest to community colleges.
I see one major pitfall. If this passes, the government would try to cut $5-6 billion out of the old budget. If that happened, the net effect would be the same amount of money for education. It would be good to have more stabile revenues (less reliance on stock and housing gains) and not be as reliant on the state’s politicians though.
I think generating more money for schooling is a great idea however this plan does not sound too good. Raising sale taxes by 1.5 cents to create 5 to 6 billion dollars for k-12 sounds great but taking it all back not really the best plan.