MV scraps bond measure
Polls showing plummeting support for potential new taxes prompts city to back off on new levy. Mtn View Voice explains:
The city hired polling firm to gauge whether voters would back a $480 million to $650 million bond measure to fund public improvement projects. The bonds would have been paid back by levying a tax on properties in the city.
The bond measure would have needed two-thirds approval from voters.
In January, 61% of poll respondents initially said they would back a bond measure. By May, support sat at 52%, roughly 15 percentage points below the required threshold.
“In the current environment, a bond measure requiring two-thirds supermajority support does not appear feasible,” the consultants wrote in a June report.
--Mountain View Voice
Bloated government spending propels tax fatigue nationally
Economist Stephen Moore said Americans now pay more in taxes than they spend on food, clothing and housing combined.
Moore cited a chart from the Committee to Unleash Prosperity estimating Americans paid about $8.19 trillion in taxes in 2025, compared with roughly $7.39 trillion spent on food, clothing and housing combined.
"Government has become so big and bloated that taxes cost more than life's basic necessities," Moore wrote. "Every American taxpayer should be outraged."
--Yahoo Finance
Follow Opportunity Now on Twitter @svopportunity
We prize letters from our thoughtful readers. Typed on a Smith Corona. Written in longhand on fine stationery. Scribbled on a napkin. Hey, even composed on email. Feel free to send your comments to us at opportunitynowsv@gmail.com or (snail mail) 1590 Calaveras Ave., SJ, CA 95126. Remember to be thoughtful and polite. We will post letters on an irregular basis on the main Opp Now site.