Senate Joint Resolution 4 would merely earmark some tax sources for education
(Also submitted by Conrad Ott)
Subject: Fw: Senate Joint Resolution 4 would merely earmark some tax sources for education
Thought you might like to read this. It speaks for itself.
RHJones, CORE
Subject: Fw: Senate Joint Resolution 4 would merely earmark some tax sources for education
To: ohioeanda@sbcglobal.net
Sent: Wednesday, December 12, 2007
Subject: Senate Joint Resolution 4 would merely earmark some tax sources for education
From: William L. Phillis
Re: Senate Joint Resolution 4 would merely earmark some tax sources for education
Date: December 12, 2007
71.2% of the sales tax the percentage of revenue from any tax that, as of November 4, 2008, the general assembly has designed by law for distribution to school districts as reimbursed for elimination of the taxation of tangible personal property (CAT, 71.2% and Kilowatt-hour tax, 25.4%)
• specify how the revenue raised would be divided between K-12 schools and higher education• lock in any rates of taxation and thus guarantee any specific amount of money for education in the future• prohibit the legislature from dropping an existing tax, creating a different tax source or altering the rates or scope of any existing tax (The legislature could trump the intent of the amendment by altering the tax structure)• provide a process to determine the actual cost of a high quality education• make a connection between the revenue raised and the actual cost of high quality educational opportunities for all• guarantee every student high quality educational opportunities
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