The Inglewood Unified School District has done it again, and with the support of the Inglewood city government. Measure I will raise property taxes $60/$100,000 of assessed value for 30 years. For the 48 families that bought homes in Inglewood so far this year and paid more than $750,000, that is an additional $450 ($13,500 for 30 years) on top of the almost $11,000 they pay in property taxes thanks to city of Inglewood’s high direct assessments and voted indebtedness. Which increase 2% per year, by the way.
We already pay 15 basis points for the city’s employee pension program. Let’s not forget the mess that IUSD was in ten years ago, when the state department of education had to take over the District. And now, they have the foresight, or dare I say audacity, to put it on the backs of property owners. Considering, Inglewood is a renter majority city, the commercial and income property owners will just pass this on to their tenants. So truly, this is just another poor tax. Couldn’t our elected officials figure out a way to ask the billionaires who are building their stadiums in the city to assist? It’s only $240,000,000! Along with Proposition 15, this is truly bad government policy – raise taxes during a pandemic and an economic crisis, the likes of which we have never seen.
Nice Work IUSD!