Looming budget cuts may depend on Prop 30 - Lauren J. Mapp, Mesa Press

California’s Community College system has been hit with $809 million in budget cuts over the past three years, and if Proposition 30 should fail in the 2012 election, the budget will face another $338 million cut in the middle of the 2012-2013 academic school year. Proponents of Proposition 30 – a tax initiative that will be on the California electoral ballot this November – believe that this measure will be the only way to prevent further budget and course section cuts to the CCC. The tax increase that will occur if Prop 30 passes will be seen in both a .25 percent sales tax increase for the next four years and increase to income taxes for seven years. Income tax increases for single tax payers earning more than $250,000 per year or couples filing joint returns, earning more than $500,000 per year for seven years, will be enacted if Prop 30 passes. http://www.mesapress.com/news/2012/10/11/looming-budget-cuts-may-depend-on-prop-30/