Proponents of an $11 billion statewide property tax increase re-filed their ballot initiative this week, claiming “notable improvements to implementation dates, expansive new small business tax relief, clarified education financing and stronger zoning language to ensure large corporations cannot avoid reassessment.”
Breaking down the changes, one can’t help but conclude that proponents would not have thrown away $3.5 million in donors’ money spent to qualify the original measure to add a very minor change in the definition of business property or – even more laughably – to give a handful of property owners a pass on the tax increase.
The most likely reason for this expensive do-over is incompetent drafting that left some school districts out of the money, and language that may have required a retroactive tax increase.
Given the slapdash writing and slapstick marketing of this ballot measure, I still have some questions for proponents about how or whether this measure will stumble to the November 2020 ballot: Read More
Loren Kaye is president of the California Foundation for Commerce and Education.
This article first appeared in Fox and Hounds Daily.