TAXATION FOR SCHOOLS AND SOCIAL WELFARE

Initiative Constitutional Amendment. Requires State provide from sources other than property taxes not less than 50% of costs for public schools, YES exclusive of capital outlay and federal funds, and 90% of costs for social welfare services, exclusive of federal participation, and 8 costs for new county services required by State law. State funds for public schools shall be apportioned in accordance with price index and other requirements. Increases minimum homeowners\u27 property tax exemption from $750 to $1000. If this proposed initiative is adopted undefined additional financing from state sources in the approximate amount of $1,130,000,000 for 1970-1971,will be required, and this cost will increase annually thereafter