AGK Finance
  • Business
  • Finance
  • Financial Tips
  • Invest
  • Money
  • Stock
No Result
View All Result
  • Business
  • Finance
  • Financial Tips
  • Invest
  • Money
  • Stock
No Result
View All Result
AGK Finance
No Result
View All Result
Home Money

Healthcare groups dive into property tax ballot fight, eyeing public health money – Press Enterprise

admin by admin
October 20, 2020
in Money
0
Healthcare groups dive into property tax ballot fight, eyeing public health money – Press Enterprise
  • Share
  • Tweet
  • Pin
0shares

Last Updated on October 20, 2020 by admin


By Angela Hart | Kaiser Well being Information

A November poll initiative to boost property taxes on big-business homeowners in California is drawing unconventional political assist from healthcare energy gamers and public well being leaders.

They see Proposition 15 as a possible savior for chronically underfunded native well being departments struggling to answer the worst public well being disaster in additional than a century. The initiative would change California’s property tax system to tax some industrial properties larger than residential properties, which backers say might generate billions to assist native governments pay for essential public well being infrastructure and staffing.

With out such further state or federal funding, native governments could possibly be pressured to make deeper funds cuts in well being and different departments subsequent yr because the COVID-19 pandemic continues to pressure metropolis and county funds.

“Whenever you’re speaking about well being care, you’re speaking about cash,” mentioned Anthony Wright, govt director of Well being Entry California, a Sacramento-based shopper advocacy group. “That is the main income measure on the poll this yr, and it’s a possibility to fund public well being on the place the place the primary duty for public well being lies — on the county degree.”

At the very least that’s how well being care advocates are casting the tax hike. However there’s no assure that if the measure passes counties would use new income to handle COVID-19 or different well being care wants. And a few rural counties concern they might lose cash if the poll measure passes, which might undercut public well being efforts.

Assist inside the well being care and native authorities worlds shouldn’t be unanimous. The highly effective California Hospital Affiliation opposes the measure as a result of it will lead to larger taxes on non-public and investor-owned hospitals, mentioned spokesperson Jan Emerson-Shea. Nonprofit hospitals, together with these run by Sutter Well being, Kaiser Permanente and Dignity Well being, are exempt from paying property taxes regardless of their common excessive income. They might stay exempt below the initiative. (KHN, which produces California Healthline, shouldn’t be affiliated with Kaiser Permanente.)

“This new tax will imply hundreds of thousands of dollars will likely be taken away from affected person care, in perpetuity,” Emerson-Shea mentioned.

Proposition 15 would amend California’s landmark 1978 property tax initiative, Proposition 13, which capped industrial and residential property tax charges at 1% of assessed worth on the time of buy, and restricted annual will increase thereafter to 2%. The drop in property taxes because of the initiative decimated a serious income supply for public faculties and social welfare applications, leaving many underfunded.

Voters at the moment are being requested to permit larger taxes for enterprise homeowners with industrial holdings valued at greater than $three million. If handed, the measure might generate as much as $11.5 billion a yr, in accordance with the nonpartisan state Legislative Analyst’s Workplace. It could not apply to residential properties.

Forty % of annual income can be distributed to Ok-12 faculties and neighborhood faculties, with 60% despatched to cities and counties. Nothing within the measure would require new native income to be spent on well being care, however supporters say it’s their finest hope after shedding $134 million in state public well being cash this yr as one-time funding for particular applications expired. On the similar time, slammed by a projected $54 billion deficit, Gov. Gavin Newsom and state lawmakers declined this yr to extend funding for native well being departments to fight COVID-19 and rebuild public well being infrastructure.

Sponsors of Proposition 15, together with the California Lecturers Affiliation and the Service Workers Worldwide Union California, argue it’s an overdue change that may tax wealthier enterprises in alternate for funding important faculty and well being care applications. They level out that the initiative, supported by Newsom and Democratic presidential nominee Joe Biden, would require faculties and native governments to reveal all new income they obtain and the way cash is spent.

If handed, cash from the measure would start flowing to colleges and counties in 2022 on the earliest.

Opponents of the measure, together with the California Chamber of Commerce, the California Republican Occasion and the Howard Jarvis Taxpayers Affiliation, say mountaineering taxes on industrial property homeowners would hurt struggling companies hit onerous by COVID-related closures.

“That is being pushed as a panacea cure-all, however on the finish of the day, there is no such thing as a accountability for the place these funds go,” mentioned Michael Bustamante, a spokesperson for the “No on Prop 15” marketing campaign. “There are, with out query, an infinite variety of wants, however there is no such thing as a specificity with what it could actually or can’t be spent on.”

Kat DeBurgh, govt director of the Well being Officers Affiliation of California, which represents the state’s 61 native well being officers and has not taken a place on the initiative, mentioned ongoing, unrestricted income might really profit counties by permitting them to spearhead public well being applications that deal with native wants.

At current, counties are restricted in what they will do with their public well being dollars, she mentioned. Most further funding lately has largely been earmarked for particular applications or illnesses, similar to hepatitis C and HIV, and counties are usually not allowed to spend it on their COVID-19 response or different public well being actions.

“Possibly your neighborhood’s highest precedence shouldn’t be one thing simply funded by one in every of these grants. Many rural areas in our state don’t have entry to scrub consuming water, for instance,” DeBurgh mentioned. “And our biggest demand — extra public well being employees — can’t be funded with grants or one-time cash.”

Well being care leaders additionally argue the initiative might assist assist neighborhood clinics and public hospitals that present take care of uninsured individuals, who’ve additionally suffered financially through the pandemic.

“What we’re actually making an attempt to keep away from is having to stability the funds on the backs of people that want providers,” mentioned Jodi Hicks, president and CEO of Deliberate Parenthood Associates of California. “Our public well being system has clear inequities that we have to deal with, and extra funding may also help fill within the gaps on the county degree.”

Hicks mentioned Deliberate Parenthood, which gives intercourse training in California public faculties, is supporting the initiative not solely to enhance public well being, but in addition as a result of she worries applications like intercourse training will likely be on the chopping block because the state experiences unprecedented job and financial losses.

“These sorts of applications are the primary to get minimize when there’s not sufficient funding,” she mentioned.

Small, rural counties might additionally lose funding, county assessors mentioned.

Whereas the initiative would possible elevate taxes on giant industrial property homeowners who’ve seen their land and property admire in worth over time, it will remove property taxes for different enterprise belongings, similar to equipment and tools, for the primary $500,000 in worth.

Counties that haven’t seen land values climb as excessive as these in coastal areas just like the Bay Space might not gather extra property taxes whereas additionally shedding income from the tax minimize on different enterprise belongings.

Chuck Leonhardt, the elected assessor for rural Plumas County, tasks that his county could possibly be one of many losers.

“This is able to take $90 million in assessed worth from our tax roll at the start, after which I’d must reassess 2,000 industrial properties,” he mentioned. “Many people rural counties don’t really feel we’ll profit from doing these reappraisals and my expectation is we might lose some cash.”

Even amongst supporters in public well being, some concern that any potential windfall for counties can be allotted primarily based on the whims of native politics.

“Regardless that I assist it, I’m skeptical that this cash will go to the general public well being applications and fundamental infrastructure we so desperately want as a result of public well being has no constituency,” mentioned Bruce Pomer, a public well being professional and chief lobbyist for the California Affiliation of Public Well being Laboratory Administrators.

He pointed to Sacramento County, the place the sheriff’s division acquired a bigger share of the $181 million in federal COVID-19 aid cash than the county public well being division.

“I’m anxious we’ll see the identical factor we noticed with Sacramento County,” Pomer mentioned.

Tags: ballotdiveEnterpriseeyeingFightGroupshealthhealthcaremoneyPresspropertypublictax
admin

admin

Related Posts

Following the money in Texas’ heated U.S. Senate race
Money

Idaho OKs contract to distribute low-income education money | Local

November 4, 2022
Following the money in Texas’ heated U.S. Senate race
Money

Following the money in Texas’ heated U.S. Senate race

November 5, 2022
Following the money in Texas’ heated U.S. Senate race
Money

Choosing a Medicare plan and how it impacts your money

November 4, 2022
Next Post
Healthcare groups dive into property tax ballot fight, eyeing public health money – Press Enterprise

Healthcare groups dive into property tax ballot fight, eyeing public health money – Daily News

General Motors to Invest More Than $150 Million in Michigan Plants

General Motors to Invest More Than $150 Million in Michigan Plants

How Fake Money is Made for Movies and Television Shows

How Fake Money is Made for Movies and Television Shows

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Categories

  • Business
  • Finance
  • Financial Tips
  • Invest
  • Money
  • Stock

Topics

Act Announce Announces Bank billion Business buy chief City Council County COVID19 Earnings Finance Financial fund Group health invest Investment Local Market Michigan million Monday money News October pandemic Quarter raise Reports Results save Smart state stimulus Stock stocks support time today Trump Ways West

Subscribe

Subscribe
Bard
Thompson
[email protected]
No Result
View All Result

Highlights

Europcar Reschedules Q3 Financial Call – Rental Operations

Idaho OKs contract to distribute low-income education money | Local

David Dodge joins Rocky Mountain Communities as director of financial planning and analysis

Premier Financial: 3Q Earnings Snapshot

Encompass Health declares dividend on common stock | News

Kaixin Auto stock plunges after a ‘surprise’ rocket ride higher

Trending

Florida Has 11 Municipalities In A State Of Financial Emergency. Here Is One’s Story – WUFT News
Finance

Florida Has 11 Municipalities In A State Of Financial Emergency. Here Is One’s Story – WUFT News

by admin
November 5, 2022
0

St. Lucie, Florida is a city on the Treasure Coast with a population of just over 100,000...

CEFC annual report glowing with ‘prudent investment’ – pv magazine Australia

CEFC annual report glowing with ‘prudent investment’ – pv magazine Australia

November 5, 2022
The 6-Step Guide to Raising Equity Finance – Bytestart

The 6-Step Guide to Raising Equity Finance – Bytestart

November 5, 2022
Europcar Reschedules Q3 Financial Call – Rental Operations

Europcar Reschedules Q3 Financial Call – Rental Operations

November 5, 2022
Following the money in Texas’ heated U.S. Senate race

Idaho OKs contract to distribute low-income education money | Local

November 4, 2022
Finance

Florida Has 11 Municipalities In A State Of Financial Emergency. Here Is One’s Story – WUFT News

November 5, 2022
Invest

CEFC annual report glowing with ‘prudent investment’ – pv magazine Australia

November 5, 2022

Recent News

  • CEFC annual report glowing with ‘prudent investment’ – pv magazine Australia
  • Florida Has 11 Municipalities In A State Of Financial Emergency. Here Is One’s Story – WUFT News
  • The 6-Step Guide to Raising Equity Finance – Bytestart

Category

  • Business
  • Finance
  • Financial Tips
  • Invest
  • Money
  • Stock
  • Contact Us
  • REPORT SPAM
  • TERMS & CONDITIONS
  • SITE SECURITY
  • PRIVACY POLICY
  • ABOUT US
  • ANTI-SPAM POLICY

© 2020 agkfinance

No Result
View All Result

© 2020 agkfinance

0shares