Revenues plunged? Prop. 13, iirc, stopped the property taxes from climbing. What Willie Brown and his associate Democratics in the Assembly did, to punish the evil constituents, was to defund/underfund the infrastructure of California and continue to grow the welfare state and public sector union payola schemes. Prop. 13's charisma was that it "potentially" sent a message for the state legislature to balance its budget and to keep elders in their homes rather than kick them to the curb when their property taxes outstripped their fixed incomes.
This author underplays the fact that California has not only property taxes, but a state income tax and sales tax.
To the fat-cat politicians of California, Prop. 13 was/ is a horrible roadblock to statist utopia; for the working families and retirees, it was a respite from the increasing tax burden of the oppressive legislature.
Politicians HATE Prop 13, and are still railing against it. It was kind of the real second Tea Party (after Boston, of course) and a precursor to the latest We the People movements.
California legislature in Sacramento is run amok. They should be starved financially and then sent packing to work real jobs.
We celebrate Prop 13. Reality stinks, if you are a liberal spend-a-million.
While revenues slowed the state and city govt.s continues to over pay unionist and retirees far in excess of the private sector.
Oh well.