The Schools and Local Public Safety Protection Act of 2012
Proposition 30 Background
Proposition 30 is Governor Jerry Brown's initiative that would increase state revenues for K-12 schools and community colleges. If passed by the voters this November, it would temporarily increase personal income tax rates for seven years on individuals who make more than $250,000 and sales and use tax by ¼ cent for four years; raising between $6.8 billion and $9 billion in 2012-13 and $5.4 billion to $7.6 billion annually through 2018.
Proposition 30 Impact on the California State University (CSU)
If Proposition 30 passes, it is possible the CSU budget would be less likely to be cut and provides an opportunity for the CSU. If Proposition 30 fails, the immediate impact to the CSU would be an additional budget cut of $250 million at a minimum, as specified in the signed 2012-13 state budget. This additional cut equates to a total loss of state funding of nearly $1.2 billion or nearly 40 percent since 2007-08.
Impact on Cal State Fullerton
Cal State Fullerton's share of the cut is estimated to be as high as $25 million. In the past five years, Cal State Fullerton has experienced close to $50 million in reductions.
CSU Board of Trustees Endorsement
On July 17, the CSU Board of Trustees voted to endorse Proposition 30 due to its direct relationship to the systems' fiscal stability and funding levels in 2012-2013 and beyond.
More information on Prop 30
If you would like more information about Proposition 30, it can be found at the Secretary of State's website: http://voterguide.sos.ca.gov/propositions/30/