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.
The state Capitol i9n Sacramento. (Photo: Susanne Pommer, via Shutterstock)
OPINION: The California Legislature is currently more progressive than ever before, and the business community is adjusting its strategy in Sacramento accordingly. California has long been home to an extraordinarily active Legislature that routinely passes laws with significant and far-reaching impacts on businesses throughout the state, as well as national and international businesses, most of which have an economic interest in the world’s fifth-largest economy.