The California Chamber of Commerce and a coalition of business and taxpayer groups are leading a strong effort to defeat the split roll property tax measure, Proposition 15 on the November ballot.
Proposition 15 is a $12.5 billion a year property tax increase—the largest in state history—that is riddled with flaws that will hurt all Californians. Contrary to what its supporters claim, Proposition 15 will not help local governments and schools recover from the COVID-19 induced economic crisis.
The measure will also hurt the small businesses that employ half of all California employees.
The California Assessors’ Association is opposing Proposition 15, stating that it will cost more than $1 billion to implement in the first three years and would be impossible to administer
Moreover, groups representing two direct beneficiaries of the tax funds are not supporting the measure: the League of California Cities refused to support Proposition 15, while the California School Boards Association voted to remain neutral. Read More