Posts Tagged: volatile
Road sign illustration by Rex Wholster, via Shutterstock
Los Alamitos Mayor Troy Edgar never imagined that the city’s action to exempt itself from California’s controversial sanctuary law would spark a movement. But that’s what has happened. Following a March vote by the city council, at least six counties and numerous other cities across the state — all with strong Republican registration — have announced opposition to Senate Bill 54, the California Values Act.
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.