Proposition 39 press conference draws elected officials and Latino leaders

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Currently, businesses that operate in California and another state can pay taxes at either the California rate or the other state's rate. However, if prop 39 passes, businesses would have to pay taxes at the California tax rate based on their California sales--a change that would bring in about $1 billion in revenue. About half of that money would be used on clean or efficient energy projects, which is why the Los Angeles Community College District Board is backing Prop 39. The Los Angeles Community College District Board supports propostion 39. Steve Verez, President of the Board, said "The funds that are generated will in some part go to the state's general fund--which is where we receive 95 percent of our funding." This proposition will not only increase funding, but it some of the revenue will be used to create new jobs, something beneficial for their alumni and all Californians. City Councilman and Mayoral Candidate Eric Garcetti joined Veres at a Pro-Prop 39 News Conference today. Councilman Garcetti said, "It establishes good jobs, green jobs here in California and uses those funds to make sure we are part of the new economy and getting our state back to work." Some who oppose Prop 39 say it's a billion dollar tax on California's job creators. Others say it's a good idea, but that the revenue should be available for the state's highest priorities instead of being directed to energy efficient projects. Rember to go out and vote on November 6, 2012, for proposition 39 and the other propostions on the general election ballot.

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