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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Feb 07, 1975
Page
4
California State Treasurer Jesse Unruh asked the attorney general to remove his name and the treasurer’s office from the state’s appeal of the Serrano school finance decision. He cited unfair financing and opposed reversing a lower court ruling.
Bills introduced in Sacramento propose a statewide property tax of 4 per 100 assessed value within five years to fund public education and comply with the Serrano decision. They would raise about 2 billion by 1980, with funds pooled and redistributed to equalize districts. The measures face slim odds this year amid fiscal concerns.
SACRAMENTO UPD Legislation backed by Gov Brown to ease raising business taxes failed in the Assembly on a 53 to 16 vote short of the two thirds required. Sponsor Bill Greene said he would seek reconsideration, aiming to end special tax privileges for banks corporations and insurers.
State Controller Ken Cory announced that more than 3.7 million dollars in state income tax refunds were mailed in January to 50 569 taxpayers. The average refund was 73 dollars, compared with 116 dollars last year when a one time credit was issued.
The state would provide extra money to set a quality floor for all districts and fund expanding early childhood education, handicapped instruction, and aid for low income students, along with about 500 million to offset inflation.
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