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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Sep 13, 1968
Page
5
The tax relief package would exempt single family owner occupied homes from property tax and let renters double deductions while granting a 15 percent inventory tax cut for businesses and abolition of the household furnishings tax. Senate and Assembly debates focus on duplex owner inclusion and revenue effects.
County leaders welcomed the Miller constitutional amendment for property tax relief. Chairman Frank G. Bonelli urged an early Jan. 1 start if voters approve on Nov. 5, seeking board endorsement and immediate applicability to the current fiscal year for homeowners.
Senate bill introduces property tax relief for about 150000 senior homeowners aged over 65 with annual income 4500 or less extending eligibility beyond the previous 3350 limit. Renters could gain increased income tax deductions doubling to 1000 for singles and 2000 for married couples. The Miller Amendment aims to reimburse local governments for homeown ers exemption losses.
Fall semester classes begin Monday at 618 Los Angeles city schools with a record 832,884 students. Elementary pupils total 377,273. junior and senior high 282,102. community adult schools 86,858. junior colleges 86,651. The prior record was 818,439 set last spring.
Gov. Reagan's administration on record as opposed to the Watson initiative limiting property taxes. Caspar Weinberger testified to the Senate Finance Committee that the administration is unequivocally opposed. Proposition 9 would eliminate property taxes for education and welfare over five years and cap taxes at 1 percent of market value with 20 percent bonded debt limit, drawing warnings of financial catastrophe.
John H. Lauter of the Metropolitan Water District of Southern California warned the Watson amendment could trigger ongoing chaos and chaos in the years ahead. The remark framed the debate on the region's water strategy amid potential regulatory changes.
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