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, […]