“A proposed ballot initiative to reform California’s seminal Prop. 13 could mean millions more in fees on theme parks like Universal Studios and entertainment headquarters, aiding public schools. Will progressive Hollywood fight it?
For more than a century, Hollywood studios and networks have been among the largest land-owning entities in Southern California and, as such, have benefited from Proposition 13, the state’s seminal, voter-approved amendment that caps taxes at 1 percent of a property’s assessed value at purchase.
That could all change this year. An effort to overhaul Prop. 13 is gaining steam with the help of a coalition of backers that includes Mark Zuckerberg and the California Teachers Association. If the ballot measure is successful, it could slap The Walt Disney Co., along with WarnerMedia, Fox Corp., ViacomCBS, NBCUniversal and Sony, with tens of millions of dollars more in taxes. In 2019, Disney forked over an estimated $55 million-plus in property taxes for Disneyland alone.”
There is no force in America that is as greedy as the education system. It’s slavering demands for ever larger piles of cash (that are largely squandered) know absolutely no limits.