Posts Tagged: $12 billion
The state Capitol in Sacramento, the seat of California government. (Photo: Always Wanderlust, via Shutterstock)
That $26 billion dollar “windfall” that California lawmakers learned about last month may not withstand a second round of economy-squelching lockdowns, and the risk of losing what little leverage they have is a top concern for state budget writers.
A California school classroom. (Photo: Monkey Business Imagesd, via Shutterstock)
An initiative to reclaim up to $12 billion for California public schools and local communities could make its way onto the ballot in November 2020. Proponents of the measure say it will force large corporations to pay their fair share in property taxes. The Schools & Communities First initiative would amend the current property tax law established under Proposition 13 in 1978.