What Now?: January

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Voters Speak and Business Wins

By Melinda Eppler

Is it California’s good fortune that 16 propositions made it to the November ballot, or is there a regeneration of interest in the health of the economy since Governor Schwarzenegger took office last year? I don’t know. Either way, thanks to voter common sense, it’s going to be a good year for business.
    Of the 16 propositions on the November ballot, all but one affects the region’s business climate for the better.
    The one that doesn’t is Proposition 69, related to establishing a DNA database to help keep rapists and killers off the streets. Without running through the entire list of propositions (again) but worthy of particular note:

Prop. 1A —(83% yes / 16.5% no)
The Schwarzenegger administration’s compromise to Proposition 65 was quite possibly “The Deal of the Century” for local government state wide. Thanks to 1A, there will be no more grafting local tax dollars from our neighborhoods to fund state deficits. Because of the passage of Proposition 1A, the state can only borrow money from local coffers when there is a legitimate emergency and, even then, must pay it back within three years. The intent of 1A all along was to keep local tax dollars local. 
Continued...

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