Tag: Proposition 15
Prop 15 Officially Defeated, 1978 ‘Tax Revolt’ Law Preserved
Late on Wednesday, Proposition 15, which would have allowed tax reassessments on commercial and industrial properties every 3 years rather than being based on the purchase price plus 2% each year, was defeated after a final statewide vote tally. After...
Government Unions Had a Surprisingly Bad Election Night in California
Election Day 2020 in California is finally over and, but for trailing ballots still being counted in several counties, many important races and issues have been decided. This year’s election brought a mix of positive and negative news for most...
California Ballot Initiatives: The Good, The Bad, The Ugly and the Ugliest
There are twelve ballot measures certified to appear on the November 3, 2020 ballot. California Globe has broken them down as the Good, the Bad, the Ugly and Uglier, with the analysis and recommendations of Assemblyman Kevin Kiley, Ballotpedia, the...
Gov. Newsom Backs Prop. 15 ‘Split Roll’ Property Tax Increase on Business
On Friday, Governor Gavin Newsom threw his support behind Proposition 15, which would change how both commercial and industrial properties are taxed, leading to immediate outcry from businesses, industry leaders, and tax groups across the state. Prop 15 would amend...
Prop. 15 Empowers Big Business, Destroys Small Business
California’s state and local governments, and the public sector unions that exercise nearly absolute control over the politicians who supposedly oversee them, have always had an insatiable desire for higher taxes. The economic impact of the COVID-19 pandemic has added...
Prop. 15 Split Roll Will Eventually Cancel Prop. 13
It was elderly widows who were being thrown out of their homes for unpaid property taxes in 1975 before Proposition 13. Now with Proposition 15 it will be mom and pop businesses in leased buildings, and Uber drivers who own...