Support Measure Q - the 2008 school bond in Scotts Valley, California

No, Prop 39 does not permit any personal or property exemptions from the bond payments. A senior’s exemption is sometimes included in a parcel tax, either reducing the overall revenue gathered or placing a higher tax burden on the other participants. If the revenue stream from a parcel tax changes from year-to-year, the programs that rely on that revenue can make corresponding adjustments. This kind of fluctuation does not work well for a bond measure, since fixed payments are required to pay off the bond debt.