Tax oil to fund education

By Isaac Tovar Proposition 1481 would place a 15 percent tax on crude oil extraction from California, on-shore and off-shore drilling sites, to fund education, from K through college. This will approximately produce $3 billion annually. If you have been anywhere near student activities lately you might have been asked to sign a petition for this Proposition to be put in the California ballot. $1.5 billion of that goes to community colleges,…

September 22, 2011