Oil Tax for Higher Ed via Initiative?
From KQED Capital Notes 12/14/11 (excerpt): One thing that’s safe to say about John Burton, the veteran legislator who now chairs the California Democratic Party: he doesn’t ask for permission before he acts. And so on Tuesday, while Governor Jerry Brown was telling reporters that he hopes to clear the field of other tax initiatives aiming for the November ballot, Burton was filing a tax initiative of his own — an oil severance tax to help fund higher education… Burton’s proposal is pretty straightforward, and would assess a 12.5% tax per barrel of oil, with exceptions made for low-producing oil…
