| El Dorado County, CA | November 4, 2003 Election |
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ERAF Shift Exemption Benefits EID CustomersBy Harry NorrisCandidate for Board member; El Dorado Irrigation District; Division 5 |
This information is provided by the candidate | |
Education Revenue Augmentation Fund ERAF is the method by which the state takes local property tax money away from local districts and sends to the state. EID is exempt from this theft of our property taxes, but could lose the exempton.Several attempts have been made by state law makers to terminate the multi-county ERAF exemption. Losing the exemption would cost EID over $5 million per year. That is money that would have to be made up by EID ratepayers. Each time the EID board has sent a letter imploring law makers to let us keep our $5,000,000 of local property tax revene the incumbent has either abstained or voted against sending the letter. He has stated that the property tax revenue EID receives is "a hidden rate" and EID does not deserve the exemption. Losing the ERAF exemption would cost EID customers higher rates. I will fight to keep the ERAF exemption, not fight against it. |
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Created from information supplied by the candidate: November 1, 2003 07:46
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