Letters to the Editor
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RE: Rog Apo
You don't live in California, do you? During a previous Real Estate bubble advocate Howard Jarvis ran Prop 13 through the Legilslature, which protects property owners. There is also another mechanism here which allows home owners to challenge the new appraisal.
As for revenue, we have Indian Casinos, and bulging sales tax revenues, north of 8% in some instances. Our governor has a degree in Creative Finance, and one of his first official acts was to refinance the state debt, by passing a new bond issue.
All said we are up to our necks in debt, living off gambling revenues, and our schools have gone downhill since the Lottery was introduced as the solution.