I am an 18-year resident of Folsom and I write to express my strong opposition to Measure G. This “local citizens initiative” will increase the sales tax rate by 1% from 7.75% to 8.75% permanently. This tax increase is not needed for 3 reasons.
First, inflation in California (aka, California Consumer Price Index or CCPI), as reported by the State Board of Equalization is 16.8% over the past 3 years. As the price of goods and services has increased, Folsom’s tax revenue has surged proportionally. As a result of higher prices, the City has enjoyed the benefit of more money pouring into its coffers.
Second, as Folsom’s population has exploded in recent years, so has the City’s tax base. This is readily and visibly evident with all of the new homes south of Highway 50 and the numerous, large apartment complexes that have been constructed mostly along the East Bidwell Street corridor…