By Michael Hiltzik
It’s indisputable that the decline of state fiscal management in California began with the passage of Proposition 13 in 1978.
The tax-cutting initiative upended the tax structure that provided most of the revenues needed by localities and school districts, undermining the locals’ control of their own spending.
It was sold to voters as relief for beleaguered middle-class homeowners, but that was largely a scam: The chief beneficiaries have been the richest homeowners and commercial and industrial property owners, who have received billions of dollars in property tax breaks at the expense of residential owners.
So it may be unsurprising that the heirs of Proposition 13’s proponents are trying to pull another fast one on California taxpayers.
Their tool, pushed chiefly by the California Business Roundtable, apartment developers and others of that ilk, is the so-called Taxpayer Protection and Government Accountability Act.
Read more at: LA Times
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Re: Jerry Brown joins Newsom in urging California Supreme Court to remove tax measure from ballot requiring voter approval for ALL new state or local taxes
Re: Taxpayer ‘protection’ or taxpayer ‘deception’? A new ballot measure aims to destroy state and local budgets
Our state is overtaxed as it is! California residents are tired of it.
When you hear about former governor Jerry Brown joining forces with Governor Gavin Nuisance, run to the hills! These two governors could not balance or stay within a state budget if their lives depended on it
Spend..spend.. tax dollars at the expense of tax payers. NO WONDER BUSINESSES AND PEOPLE ARE MOVING OUT OF THE STATE.
Maybe it is time to breakup the Golden state?