Bill Lockyer

Lockyer

Allen Young, Staff Writer
Jul 31, 2014, 2:46pm PDT – Updated: Jul 31, 2014, 3:04pm PDT

State Treasurer Bill Lockyer said Thursday he predicted an inevitable political push to extend the 2012 tax hike known as Proposition 30, but he expects the measure will return to voters before it expires in two years.

Speaking to a group of chief financial officers at an event hosted by the Sacramento Business Journal, Lockyer said he hoped continued growth in the state economy would eliminate the need for Proposition 30, which raised taxes on higher incomes in graded levels and increased sales taxes by a quarter cent. Gov. Jerry Brown has pledged to never raise taxes without a public vote.

Lockyer called taxes directed at higher income earners “unfortunate” and taxes were too high in California, a comment that drew applause by several of the executives in attendance.

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