Need to Know
November 8, 2012 9:23 AM
California voters approve higher taxes
Posted by Staff
The Wall Street Journal reports:

In approving a ballot measure sought by Gov. Jerry Brown to raise taxes for several years, Californians took a step toward improving the state's fiscal situation and avoiding education cuts.

According to the California Secretary of State's website, 53.9% of voters backed the measure, Proposition 30, while 46.1% voted against it, with all votes counted except for provisional and some mailed-in ballots.

The approval is a significant victory for Mr. Brown, a Democrat, who has staked his governorship on a campaign to raise taxes to ease the effects of the state's budget crunch.
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