Issue link: http://educator.cta.org/i/1541528
WHAT IS PROPOSITION 55? The tax extension applies to California's wealthiest residents – those filing jointly with more than $700,000 in personal income in 2023. Extending Prop 55 will not raise anyone's taxes and the brackets will adjust upwards over time. Prop 55 was approved by voters in 2016, extending Prop. 30's personal income tax increases. P R O P . 5 5 ' S T A X E X T E N S I O N A P P L I E S T O C O U P L E S ' E A R N I N G S O V E R $700K P R O P 5 5 E X T E N S I O N WHAT'S AT STAKE? P R O P 5 5 E X T E N S I O N Prop. 55 generated over $14.6 BILLION for California public schools and community colleges in fiscal year 2024-2025. $13 billion to TK-12 school districts $1 billion to community colleges I F W E D O N ' T E X T E N D P R O P 5 5 , O U R S C H O O L S W I L L L O S E T H I S F U N D I N G I N 2 0 3 0 fourth-largest economy in the world and see how we fund our schools in California is depressing. We need to tax the rich equitably so that we can fully fund our schools — not have to go to voters every few years to ask for more." CTAB has been organizing to fight back and fight forward in our union's We Can't Wait campaign — building structures in their local to communicate and mobilize members and focusing on transparency so all members are in the know. Hermann says they began organizing these structures for their current bargain and will lean into them when the Prop. 55 extension campaign moves forward. They 've been holding structure tests to assess their strength, with more than 80% of members signing a petition in support of their collective bargaining goals and more than 60% of members participat- ing in group photos/posters to present to the school board. Hermann says the goal is to get more people involved in their shared struggles. " We're having people come together. Our speech lan- guage pathologists had an issue, we held a meeting with all of them. Since we're a collective bargaining unit, let's collectively work toward the goals we want," Hermann says. "Since the Prop. 55 extension is definitely for all of us, we need to build that capacity and come together like never before." 23 D E C E M B E R 2 0 2 5