When Proposition 13 was first approved by voters in 1978 it was sold as a protection for single-family homeowners. But what voters were not told is that Prop. 13 contained giant loopholes that allow big corporations and wealthy commercial property owners to avoid paying their fair share of local property taxes.
This gives tax avoiders an unfair advantage over smaller, competing businesses that are paying their part and deprives our communities of much-needed revenue. As a result, California has made deep cuts to public safety, fallen behind in student funding, and been forced to close parks and libraries.
Now the battle to reform Proposition 13 is on in earnest. [Read more…]