Thursday, October 22, 2009

November 3rd Ballot Recommendation

Please do not be confused by the ballot.

In order to get what YOU want on the November ballot you MUST vote NO on
two questions and YES on only one. IF you wish the City of Santa Clarita
to Annex your area you MUST vote No on A and NO on B and YES on C
.

I grew up in this area and have seen the benefits of having local government close at hand and not is some far away place in downtown LA. This City of Santa Clarita works, however imperfectly at times, but in large part because it is locally governed it has become a great area to live. I highly recommend a VOTE of YES on C on your November 3rd ballot.

Only with a VOTE of NO on A - a VOTE of NO on B and a VOTE of YES on C ...
will they consider adding adjoining areas to the city of Santa Clarita.


The disadvantages NONE... Taxes will go DOWN. The various areas considering annexation will still be Tesoro, or Stevenson Ranch, or Castaic, but they will also be Santa Clarita. Just like Northridge is Northridge but ALSO Northridge
is in the City of Los Angeles. The HOA (if any) will still be your HOA, they will
still maintain the common area through the HOA fees.

City services come on a resident first basis as you know, if you are in those areas affected you are NOT residents until you VOTE YES on C, & the city annexes those area. When you are a Santa Clarita resident you go to the front of the line for Parks & Recreation services: Parks classes, sports and activities now fill by a first-come for City residents and the left-overs are for the non-residents, the outsiders. As residents you will be on the INSIDE for dance classes, swimming lessons, sports teams etc.

Increased policing services: The Los Angeles County Sheriff is currently
our policing agency. The city of Santa Clarita also has chosen the LA County
Sheriff... BUT within the city limits they are stronger, more Sheriffs and
their services, per person than outside the city.

A governing board that lives here: Supervisor Antonovitch is not a resident
& has over 2 MILLION constituents & is 27 miles away! The City Council meetings
are at NIGHT twice a month within 5 miles of our homes... NOT during the
day, 27 miles away!

Our tax dollars spent here: We produce more tax dollars here than are spent
here - therefore the extra goes to fund areas far away.

Local Control, Tax Dollars Spent Locally, More Services, LESS taxes: VOTE
YES on C (NO on A & B).

It does not matter what you think about Tesoro, Stevenson Ranch or Westridge
or Castaic, ONLY be concerned with where YOU live... the votes are counted
separately & the City will know what your area wants.

VOTE YES on C & (NO on A & B).

Monday, October 12, 2009

Washington Update: $8,000 Home Buyer Tax Credit

by Kenneth R. Harney

Quick passage by the House last week of a bill extending the $8,000 home buyer tax credit next year for military, diplomatic and intelligence personnel serving overseas increases the odds that Congress will agree to an extension, maybe even an expansion, of the entire credit program well into 2010.

The White House is also signaling that it sees the overall tax credit program -- currently set to expire November 30 -- as an important element in cutting the unemployment rolls and stimulating new jobs next year.

After an economic policy strategy meeting last week in the Oval Office involving President Obama, House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid, congressional aides said Democrats generally support an extension of the housing credit. Reid already has made clear he wants an extension. He is co-sponsoring a Senate bill that would do so for six months.

Congressman Charles Rangel, chairman of the tax-writing House Ways and Means Committee, sponsored the one-year extension of the credit for military and other personnel serving overseas, and is reported by aides as favoring an extension for the entire program.

The White House has not publicly committed to an extension, but has confirmed that the President is seriously examining that option.
An unexpected development that emerged following last week's White House meeting was the possibility of opening up the credit to a broader group of buyers next year - people who sell their current homes and buy a replacement home.

Though details were scanty, Capitol Hill sources said one option on the table would be to provide a tax credit -- most likely at the $8,000 level -- to replacement home buyers whose incomes do not exceed some limit.

The current credit phases out for single taxpayers with incomes above $75,000, and married purchasers earning $150,000.

A politically sensitive issue hovering over the entire debate on extending the housing tax credit is its cost - what it would add to the federal budgetary deficit. Mark Zandi, chief economist of Moody's Economy.com, estimates that widening the credit to all buyers through next August could cost the government upwards of $30 billion.

Rangel's 12-month extension of the credit for service personnel is estimated to cost more than $300 million, but it's mainly being paid for through an increase in penalties levied by the IRS on taxpayers who fail to file corporate or partnership returns.

The New York Times reported that one possible solution to the cost problem would be to divert money not yet spent out of 2009's $800 billion stimulus legislation.

Published: October 12, 2009