Op-Ed: This reform of Proposition 13 is needed now more than ever

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Op-Ed: This reform of Proposition 13 is needed now more than ever
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Op-Ed: This reform of Proposition 13 is needed now more than ever (via latimesopinion)

Proposition 15’s deep-pocketed opponents will portray the measure as an all-out assault on Proposition 13, an attempt to raise homeowners’ property tax. But, in fact, it would have no effect on the tax bills of most Californians. The measure exempts all residential and agricultural property, and because it targets only high-value commercial and industrial property, the owners of your local café and dry cleaners will probably be unscathed as well.

Besides improving the state’s bottom line, passage of Proposition 15 would have a huge symbolic effect. Before 1978, California invested generously in its future, and earned big dividends for its residents. Between the 1940s and the 1970s, the state built highways, dams and aqueducts, and its educational system earned a reputation for excellence. But Proposition 13 marked a retreat from public investment.

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latimes /  🏆 11. in US

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