Why Only Public Employees Should Vote for Proposition 15
There are many important propositions on the November ballot. In fact, all twelve props are significant and deserve your full attention. Nothing on the ballot is more important than votes on these issues. Of them all, the single most important is Proposition 15. It attempts to once again overturn the hallmark Proposition 13 that shook the world in 1978. This one is particularly devious, yet the only people who would not be harmed by its passing are public employees and their unions. Let me explain.
Proposition 15 would amend the California State Constitution to require commercial and industrial properties (except those zoned as commercial agriculture) to be taxed based on their market value. In California, the proposal would assess taxes on commercial and industrial properties at market value, while continuing to assess taxes on residential properties based on the purchase price. This has been referred to as “split roll.”
The ballot initiative would make an exception for properties whose business owners have $3 million or less in California holdings. These properties would continue to be taxed based on their purchase price. The ballot… Read More