Posts Tagged: Proposition 13
An aerial view of a neighborhood in Fremont, California. (Photo: Sundry Photography, via Shutterstock)
Once again, Californians are being asked to decide on the merits of a ballot measure that roiled the political scene when many of them were in grammar school — or not even born yet. The ballot measure under challenge is Proposition 13, a constitutional amendment written by anti-tax crusader Howard Jarvis and approved nearly 2-to-1 by voters in 1978.
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.
A middle school in Marin County. (Photo: Osaze Cuomo, via Shutterstock)
PPIC: A March ballot measure to authorize state bonds for public education facilities is supported by slightly more than half of voters. Seven in ten Californians approve of Governor Newsom’s proposal to spend $1 billion to address homelessness. These are among the key findings of a statewide survey released today by the Public Policy Institute of California.
Two students at a crossing in the Mission Beach area of San Diego. (Photo: Conchi Martinez, via Shutterstock)
California public schools will be getting a big infusion of cash — a very, very big infusion — if voters approve an unprecedented trifecta of multibillion-dollar measures aimed at next year’s statewide ballots. First, there’s a $15 billion plan, financed by bond borrowing, for construction projects for K-12 and higher education. Gov. Newsom signed the bill and placed it on the March ballot.
Illustration of tax payments in California. (Photo: designer491, via Shutterstock)
OPINION: With another Tax Day now behind us, it’s a good time to think about what we get back for the money we put into our government. As a recent college graduate from a low-income neighborhood in California, I am thinking about how my taxes should support the things my community needs – like good schools, trauma care, roads and health clinics.
Left to right: Controller Betty Yee, Lt. Gov. Eleni Kounalakis and Treasurer Fiona Ma at the Sacramento Press Club. (Photo: Press Club)
All three women holding statewide offices in California say they’ll run for governor. Lt. Gov. Eleni Kounalakis, Treasurer Fiona Ma and Controller Betty Yee — all Democrats — appeared together at a we’re-all-friends lunchtime panel discussion sponsored by the Sacramento Press Club.
Gavin Newsom, then a candidate for governor, addresses a group last year during a campaign stop. (Photo: Associated Press)
PPIC Report: Majorities of Californians support Gov. Newsom’s first proposed budget, which increases spending on K–14 education, higher education, and health and human services. This is among the key findings of a statewide survey released today by the Public Policy Institute of California (PPIC).
Gov, Jerry Brown, left, and Howard Jarvis, the architect of Proposition 13, at their first joint news conference in July 1978. Voters approved the initiative the month before. (Photo: Associated Press)
Once thought of as a sacred cow, Proposition 13, the tax revolt measure passed in 1978, is now under attack. Schools and Communities First, a coalition of nearly 300 groups and leaders, has qualified to put an initiative on the Nov. 2020 ballot that would lift caps on property taxes for commercial and industrial properties.
Multiple bills have taken aim at Prop. 13, but the most popular among these bills pushes the so-called “split roll” property tax, which would eliminate Prop. 13 protections for job creators but leave them in place for homeowners. But a Pepperdine University study shows that the split roll could trigger the loss of nearly 400,000 jobs and cost California’s economy a total of $71.8 billion in output within the first five years.
A graph showing the volatility of income tax revenue (solid line). Prperty tax revenue is in blue.(Graphic: LAO)
Could making our state budget more dependent on property tax revenues be the key to eliminating the roller-coaster budgets of the last two decades? Since the early 1990s, we’ve lived through the boom and bust cycles of the California budget. Today, we are more dependent than ever on personal income taxes. And those taxes are more progressive than they have been in years, meaning our economic stability is tied to the fate of the wealthy .