Author of Proposed State Tax Initiative to Speak at Eliot Middle School Thursday

Proposition 38 advocate and Pasadena resident Molly Munger will talk and answer questions at Eliot Middle School Thursday night about her proposed tax initiative to fund education.

Proposition 38 would authorize new income taxes for 12 years, charging residents on a sliding scale based on their income, according to the state's analysis of the measure.

The new taxes would raise an estimated $10 billion in 2013-2014 and would likely increase over time.  Rate increases would run from .4 percent for the lowest earners up to 2.2 percent for the state's highest earners.

For the first four years the money would be allocated with 60 percent of the money going to K-12 education, 30 percent to pay down school district debt and 10 percent to early childhood education, according to the state's analysis.

For the final eight, 85 percent of money would go to K-12 education.

The forum will run from 7 p.m. to 8:30 p.m.