California is the second-biggest state by landmass and the first largest in terms of population; with almost 40 million residents, the Golden State is home to more than 12 percent of the United States’ population. This has made the state a liberal powerhouse on the national stage and has allowed its state legislature to be […]
Tag: property taxes
The “Split-Roll” Initiative: California’s New Hope for its Property Tax Loophole
Proposition 13, passed nearly 40 years ago, has been benefiting large corporations by handing them massive property tax breaks. This seemingly innocuous anti-tax legislation resulted in fundamental changes to the division of fiscal responsibility in California’s government. Now, a statewide coalition is trying to fight this through a new ballot measure. Passed in June 1978, […]