I have a relative who is panicking that Prop. 13 will be revoked. Has anyone heard this?
Prop 13 will not be revoked all at once, silly. First they’ll exclude commercial property, that will allow them to pay for another wave of wasteful spending. The money from that will run out in about 5 to 10 years, so then they’ll look at multi-family rental housing which will give them another quick high and then run out in 2 to 5 years. Only then will they slam the coffin lid closed and start piling the dirt on homeowners.
Like the old joke says “ a pig that special, you don’t eat him all at once.”
I have not heard of Prop 13 being revoked, but they can do anything they want now that they have a 2/3rds majority in the house and senate. They can’t change the California Constitution, but they can do anything else. Prop 13 that limited kept property taxes low and prevented large annual increases in property taxes, is just a normal ballot proposition, not a change to the California Constitution. The California House and Senate could overturn it tomorrow if they wanted to and if Jackass Brown would sign it.