California's Proposition 13 ballot fight intensifies with coronavirus pandemic
A proposed change to Californias sacrosanct Proposition 13 that seeks to raise $12 billion annually for schools and local government was already primed to be one of the hottest battles on the November ballot before the coronavirus pandemic hit.
But the financial damage brought on by the disease is transforming the fight over a measure that would raise property taxes for many businesses into a struggle over the future of California.
Passing the initiative was critical a few months ago, said Oakland Mayor Libby Schaaf, whose city is one of many in California that are teetering on the edge of a financial abyss. Now, it is a matter of life and death for many California families.
The initiatives opponents are sounding equally dire messages about how the pandemic has changed the political and economic climate. Changing Prop. 13s formula to raise commercial property owners taxes is tone deaf at a time when countless small businesses are already dying, opponents say.
https://www.msn.com/en-us/money/realestate/californias-proposition-13-ballot-fight-intensifies-with-coronavirus-pandemic/ar-BB14BMD5