USC Poll: Voters Favor Eliminating Prop 13 for Business
USC Poll found that a majority of California registered voters would back a 2020 initiative to eliminate Prop 13 benefits for commercial property owners.
USC Poll found that a majority of California registered voters would back a 2020 initiative to eliminate Prop 13 benefits for commercial property owners.
A new California “split-roll” ballot initiative cranking up to qualify for the November 2018 elections would end Proposition 13 protection for commercial property owners as a first step to attacking all property taxpayer protections.
Gov. Jerry Brown is blaming California’s coming insolvency on Proposition 13, which was passed in response to his first term policies in the late 1970s.
The Democrat-dominated California legislature is trying to move over 100 new bills to end the housing crisis with higher taxes and more subsidized housing.
A California appeals court denied a challenge to the state’s lucrative cap-and-trade program by California business owners on Thursday—who argued the program constituted an illegal tax.
Each new California legislative session starts with Republicans yakking about cutting state and local public pension benefits that are over $1 trillion underfunded. But as a minority party and with many of its loudest advocates hypocritically receiving a public pension, reform has just been about yakking. But with CalPERS’ actuaries demanding a pension funding increase from $3.7 billion to $7.25 billion by 2020, the state must either cut payroll by 30 percent or find a massive new tax source, like overturning Prop. 13.
Assemblyman Phil Ting (D-San Francisco) introduced union-backed Assembly Bill 1040 on Tuesday, which aims to reform–or destroy–California’s Proposition 13 by raising taxes on commercial properties.
It was only a matter of time until California’s powerful public sector unions geared up for a two-step approach to overturn the 1978 Proposition 13 ballot measure that has saved California property owners about $550 billion in property taxes.