Posted on 02/07/2018 9:04:31 AM PST by EagleUSA
A new ballot initiative that takes aim at how commercial properties are taxed under California’s Proposition 13 could raise $6 to $10 billion more each year for schools and and other programs and services, according to a new analysis by the Legislative Analyst’s Office.
At the heart of the initiative, which is still being reviewed by the state attorney general’s office, is a property tax law enshrined in the state constitution since 1978. Proposition 13 caps taxes for all kinds of properties — residential and commercial — at 1 percent of a property’s purchase price, allowing for increases of no more than 2 percent per year, even if the value of the property triples or quadruples over time.
(Excerpt) Read more at mercurynews.com ...
Its for the children!
Why doesn’t anybody think about the children?
Gotta keep the stupid factories (puulik screwlz) fully funded.
Education should aim at destroying free will so that, after pupils are thus schooled, they will be incapable throughout the rest of their lives of thinking or acting otherwise than their schoolmasters would have wished.
The school psychologist of the future will have a number of classes of school children on whom they will try different methods of producing an unshakable conviction that snow is
black.
When the technique has been perfected, every government that has been in charge of education for more than one generation will be able to control its subjects securely without the need of armies or policemen.
-Johann Gottlieb Fichte
I guess the government in Ca needs some input from their illegals and gimmedats, before they change prop 13, to increase the tax burden on people who managed to save, sacrifice, and make payments for 15-30 years, to buy a home. In regards to property tax increases, only property owners should be eligible to vote.
I went on the Mercury site, which I rarely do, and it doesn’t include Homeowners. Title is misleading, unless you read the whole article.
Residential is next. That will end the state, but leftists don’t do Econ 101.
“Proposition 13 overhaul: = “tax increase”
I also suspect there is a loophole in the way they might consider what is “commercial” property, as people having a business and home on their property, may fall in line with a increase. With current property values, I bet a lot of small businesses fall in line with the increase.
California is ready for revocation of statehood and Federal governance under a Trump appointed Governor as an occupied territory.
The property tax is the only reasonable thing about Cal and that’s because the people ,passed prop 13 in 1978. Now the dems want to lead the country in property tax to go along with gas, income, and sales. We;copme to Taxifornia Amigo.
Not yet. It's camel's nose under the tent incrementalism. Homeowners are next.
To Bernard. I totally agree, as Im a former CA for 55 years. Its a shame what CA have become after the great Ronald Reagan was governor.
“...“Proposition 13 overhaul: = “tax increase””
Yes, Jerry Brown (we) have to pay for his UNDOCUMENTED DEMOCRAT VOTERS and his SANCTUARY STATE. Total corruption and oppression of the real providers in the state.
I guarantee that the fine print in the proposed ‘overhaul’ will permit Democrat legislators to implement residential property tax increases.
Also, what will the state do for money when even more businesses flee the state due to an additional $10bn in taxes?
Programs and Services = Wet Back Welfare
Keep those votes coming folks.
Always seemed like a bad idea to me but it seems you'd need a new Prop to overrule it.
As if busineeses are not fleeing California fast enough already.
California’s coming crash and burn is going to be hilarious. I will be laughing my ass off watching it.
The beautiful thing about the US Consitution is that it allows stupid states to fail. That is a good thing. It shows smart states what not to do.
Let California burn.
California like most states run by Democrats has a looming pension crisis. The fact that there is not enough money in the world to keep paying these pension does not stop them from looking for anything they can tax.
Two things, one, it is for the children. This is the left’s standard cover story. It is of course a lie but since the media support the Democrat that lie will not be exposed.
Second, they say it will only apply to businesses. Of course we all know once they crack the wall that is Prop 13 it will not be long before it is gone and taxes on homes will sky rocket.
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