Formal Paper 1: Annotated Bibliography

Works Cited

Blumenstyk, Goldie. "If Prop 30 Fails, Then What?" Editorial. The Chronicle of Higher Education [Washington D.C.] 17 Aug. 2012: 31. Academic Search Complete. Web. 23 Sept. 2012. <http://0-web.ebscohost.com.library.cabrillo.edu/ehost/detail?sid=9210a729-1f3f-4358-9578-471c5b7fd39c%40sessionmgr15&vid=5&hid=11&bdata=JkF1dGhUeXBlPWNvb2tpZSxpcCx1cmwmc2l0ZT1laG9zdC1saXZlJnNjb3BlPXNpdGU%3d#db=a9h&AN=78857634>. "...new taxes are designed to fill what would otherwise be an $8-billion hole in the state's budget. If Prop 30 fails, under the terms of the 2013 budget, the state will automatically cut $338-million from community colleges, $375-million from the University of California system, and $250-million from the California State University system. Public schools would be hit with even bigger cuts....Mid-November is also when founders and employees of Facebook, along with company insiders, will have the first chance to cash in their stock options, following Facebook's May 17 initial public offering. The governor and legislators have built their budget on the assumption that the state could collect a $1.4-billion windfall in capital-gains taxes from all that option activity....But Facebook has been trading well below its IPO price, which could prompt many of those stockholders to hang on for a while longer, forcing the state to seek additional cuts to make up for that lost income...California has no shortage of advocates for finding new sources of state revenue to augment the traditional sources now under stress...the state could be collecting a lot more in revenues if it would broaden its tax base, close loopholes on corporate taxes, and exact a severance tax on its offshore oil..."

Garofoli, Joe. "Teacher Contract Tied to Tax Measure." Editorial. The San Fransisco Chronicle [San Fransisco] 3 Aug. 2012: PC1. Newspaper Source Plus. Web. 23 Sept. 2012. <http://0-web.ebscohost.com.library.cabrillo.edu/ehost/detail?vid=3&hid=11&sid=072ac2eb-b458-457d-a5c8-e1255104a2b2%40sessionmgr14&bdata=JkF1dGhUeXBlPWNvb2tpZSxpcCx1cmwmc2l0ZT1laG9zdC1saXZlJnNjb3BlPXNpdGU%3d#db=n5h&AN=78248093>. "'Our ability to keep schools open for our children completely hinges on the voters of California passing either or both tax initiatives,' district Superintendent Richard Carranza said in a statement Thursday." "Students will be in class 179.5 days in the 2012-13 school year...." (In the San Fransisco School District) due to an agreement between the San Francisco Unified School District and the executive board of the teachers union, the United Educators of San Francisco. The agreement involved cutting money for the arts, libraries and other enrichment programs, withdrawing $6.3 million dollars from the cities rainy day fund, and teachers agreeing to not take any paid sabbaticals, to not get funding for their professional development, and to not recieve any pay raises, all as a result of current cuts in educational funding and with the anticipation of Prop 30 or 38 passing. If Prop 30 or 38 were to not pass, 5 days would be cut for the 2012-2013 school year and appx. 10 days from the 2013-2014 year in the SF school districts.

Skelton, George. "Taxes Just Part of Picture; Voter Perceptions and Pensions Also Tie into Brown's Push for Prop. 30." Editorial. Los AngelesTimes [Los Angeles] 30 Aug. 2012: A.2. ProQuest Newspapers. Web. 23 Sept. 2012. <http://http://0-search.proquest.com.library.cabrillo.edu/nationalnewscore/docview/1036835499/1391857C40328DE6F49/9?accountid=39584>. “…from a political perspective and looking into the minds of many voters, the question is about much more. It's(Prop 30) about whether they should send Sacramento more tax money… politicians have been spending what they've already got and …can be trusted with billions more ...part of that equation is the state parks department hoarding $54 million while planning to shutter parks, the governor embarking on an unpopular $68-billion bullet train project with only $13 billion in funding identified -- and seemingly uncontrolled state and local public pensions while private pensions have been practically eliminated…” This article takes the opposing view on Prop 30 and describes that Prop 30 is a proposition veered towards preventing more budget cuts from public/state-funded education, but the legislation does not specifically say that all the revenue brought in by Prop 30 will go directly towards public education, and brings into question whether or not state government will actually spend all of the tax revenue on the suffering public education system or whether some of it will be put towards other purposes like the building of the $68-billion dollar bullet train, or if it will be given to programs like the state parks where it will be misplaced or misused. It also brings into question the current pension system and how it needed to be revised before Prop 30 could be taken too seriously due to the systems costliness for government.