Press
Marin C$T’s Mimi Willard: Prop 5 to unleash a “tax tsunami” for local and regional bonds
Published by Opportunity Now on October 4, 2024
Proposition 5 will blow a massive hole in Prop 13 and Prop 218 protections, said Coalition of Sensible Taxpayers’ Mimi Willard to North Bay residents this summer. She warned that cutting voters’ threshold from two-thirds to 55% to pass housing and infrastructure bonds would trigger a tidal wave of tax hikes, with nothing to stop them except, perhaps, voter fatigue. Prop 5 could also let Fairfax property owners get slammed with a 30-year road bond. Will Sherman reports in this Opp Now exclusive.
Mimi Willard took specific aim at Proposition 5 in August, when she spoke before a packed meeting of concerned Marin County residents to share her organization’s November voter guide.
The founder of Marin’s Coalition of Sensible Taxpayers (C$T) explained that this constitutional amendment would cut down to 55% the current two-thirds voter approval required to pass most local and regional bonds.
“Approaching us is a tax tsunami,” Ms. Willard told the standing-room-only audience at Novato’s Trek Winery. “We are expecting a very large number of new taxes on the fall ballot in November and continuing into the subsequent cycles—until people essentially choke on it.”
She went on to say: “The central thing that will fuel the tax tsunami is Proposition 5.”
To read the full article, click here.