With great fanfare, the proponents of an initiative to raise property taxes in California by $12 billion a year announced they had turned in over 1.7 million signatures to qualify the measure. Their press release was headlined “Schools and Communities First make history with most ever signatures submitted.”
Protecting Taxpayers in a Time of Crisis By-Jon Coupal, President of Howard Jarvis Taxpayers Association
The word “unprecedented” is fitting for the coronavirus crisis that is now savaging both the health of countless Americans as well as our nation’s economy. Not since September 11th has the United States faced such a challenge.
New Tax Proposals are Unnecessary and Hurt the Middle-Class By – Jon Coupal, President of Howard Jarvis Taxpayers Association
No one disputes that California has a big budget surplus. According to the Office of the Legislative Analyst,California has budget reserves in excess of $18 billion. Our budget reserves exceed the entire state budget of eighteen other states. One would think that the funds available for discretionary spending would chill any appetite for higher taxes.…
[Recently], progressive interest groups announced they had sufficient signatures to qualify an initiative for the 2020 ballot that is a direct attack on Proposition 13. Specifically, this so-called “split roll” initiative would raise property taxes on the owners of business properties to the tune of $11 billion every year, according to the backers. Because many…
Proposition 13 was created to strictly limit what’s called your ad valorem property tax – the tax linked to the value of your home when you bought it – the amount that appears “above the line” on your property tax bill.