KernTax - Direct Savings to Taxpayers
KernTax is a member-supported, 501(c) 4 non-profit corporation, with the mission to bring about more accountable, effective, efficient, reliable government. Basing its actions on common sense, innovation, and the long-term view, KernTax crafts positions based on adopted values. This list contains verifiable savings to taxpayers that occured because of KernTax’s direct intervention into an issue…
$4.4M Bond Measure stopped. Savings based upon FA Analysis. 17 year old COP discovered $78M proposed bond reduced to $33.5M. Principal reduced $44.5M. Working with district on reauthorization ultimately stopping CAB issuance. Savings on avoidance of CAB’s is at minimum $44M.
assuming a 4 to 1 pay out (debt Service to Principal)
Intervened in PG&E GRC. 2010-2015 savings to Region WE-1 customers
Help defeat Pacel Tax
$20M proposed issuance reduced to $17M. CAB interest savings $50M.
Working with the district on lease-lease back issues. Requesting deauthorization on outstanding bond.
Elk Hills SD
Defeated $6.2M Bond measure
Reduced total cost of BAN conversion to GO bons from $72M to $36M
Elk Hills SD
Defeated $7.13M bond measure. Saving based upon FA analysis
Unauthization of $9M in unissued bonds, passed $8M new issuance, interest savings $36M.
District adopted the first cost reduction strategies.