Munger’s Proposition 38 fails, according to AP
Voters have rejected Proposition 38, a tax hike to raise money for schools, according to the Associated Press.
The measure was created by Pasadena civil-rights attorney Molly Munger, daughter of Berkshire Hathaway executive Charles Munger. Her ideas on how to fund schools competed with those of Gov. Jerry Brown, who pushed his Proposition 30.
Backed by the California State PTA and financed with more than $47 million of Munger's money, Proposition 38 was drafted to raise income taxes on virtually all state taxpayers to generate an estimated $10 billion annually for schools, early childhood development programs and paying down state debt.
Many of the California’s largest education groups opted not to back Proposition 38, throwing their support behind the governor’s initiative instead. Much of the state's Democratic establishment followed suit.
Unlike Brown's proposal, Munger's initiative was designed to send money directly to individual schools, bypassing the Legislature. Her advertisements had an anti-Sacramento message that threatened to erode support for Brown’s measure.
Some education leaders, saying she was jeopardizing the chances of both measures, publicly urged her to take the ads off the air, which she did within days.
-- Anthony York in Sacramento
Photo: Molly Munger. Credit: Damian Dovarganes / Associated Press