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Remember, Prop. 13 is not a hard cap of property taxes. Levies are adjusted to current market value when property changes hands. And that happens all the time.

According to the latest info from the Board of Equalization [...] total property taxes collected in 2006-07 were $43.16 billion.

The oldest property tax stats I could find were for 1980-81, from caltax.org. That year, property tax revenue was $6.36 billion.

So since shortly after Prop. 13's adoption, property tax revenue increased by 579 percent. That is not a typo. It went up 579 percent.

During the same span, population went from 24 million to 38 milion -- an increase of 58 percent.

As for inflation, as of January 1981, the rough midpoint of the 1980-81 fiscal year, the Consumer Price Index -- which gauges inflation -- was 88. As of January 2007, it was 202.4. That is a 133 percent increase.

So property tax revenue has increased by more than triple the combined rate of inflation and population growth -- 579 percent versus 191 percent. [...]

[I]n 1980-1981, the total of all general and special fund revenue for the state of California was $22.1 billion. For 2006-07, it was $120.7 billion. [...] That is an increase of 555 percent.

You follow? PROPERTY TAX REVENUE WENT UP FASTER THAN OTHER SOURCES OF REVENUE!

As I stated in the last update the Book,
WILL begin printing this month, June 2009 and I will have and begin signing, numbering and shipping the copies to those who ordered a signed/numbered copy THIS month, June 2009.
As for the process inwhich Barnes and Noble goes through in ordering books I cannot tell you at this point. I will tell you that Barnes and Noble has not once listed information correctly as is listed by Books In Print or Bowker Indentifiers.
I will receive the copies ordered directly from the printer when printing begins shortly and when that starts I will post it here for all to see as well as on the company web site at http://www.sinclairpublishingllc.com/ .
Once printing begins I will then post a link on the Company web site where the book can be ordered directly through Sinclair Publishing, Inc for anyone wanting to do so.
Again, let me make it clear, printing of the book WILL begin this month as will shipping of those signed/numbered copies ordered through this blog.

Copyright 2009 by Larry Sinclair/larrysinclair.org/larrysinclair-0926.blogspot.com/LarrySinclair0926.com and Larry SinclairBarackObama.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Dish was all over yesterday's big story - the assassination of George Tiller by a crazed Christianist. We traced O'Reilly's troubling rhetoric here, here, and here, and readers checked my reaction here. We chronicled the disturbing role of Operation Rescue here, here, and here, and commentary from the far right here, here, here.  A noteworthy voice on the far-right was Robert P. George, who struck the perfect chord. We also aired personal accounts of abortion here and here.

A traumatic Sunday, to say the least. For the right approach to religion, listen to Bob Wright.

President Barack Obama, according to a headline in The New York Times, is "Upbeat for G.M.'s Future."

That seems a bit, well, wacky. But then, this is the same guy who is "upbeat" about the Middle East peace process, according to AFP. So that puts the remark in perspective, I suppose. After all, as Justice-to-be Sonia Sotomayor now knows, context is everything.

Over at Out of Control, the Reason Foundation's Shikha Dalmia, with some entertaining snippiness followed by good economic analysis of G.M.'s situation: 

"I am confident that the steps I'm announcing will mark the end of the old G.M., and the beginning of a new G.M.," [Obama] said. Great! Then what do, we, the taxpayers, who have just been forced to fork over $50 billion to G.M.—in what is it? loans? stock?—have to worry about? The president is cool with it. And he, after all, has an Ivy League degree, a silver tongue, not to mention a glamorous wife with lovely arms who dotes on him. But even His Awesomeness can't command a drowning man to swim after tying lead weights around his ankles.

The president seems to think that there is nothing that G.M. has that a visit to bankruptcy court won't cure. Amputate its liabilities to bondholders, excise all its promises to unions (no, actually, scratch that one, that didn't quite happen) and, presto, it'll be ready, once again, to kick some foreign ass.

If only!

Read the whole thing, and stay tuned for an upcoming cover package on the GM fiasco in our next print edition.