Sac Bee: Another View: Attacking Prop. 13 would hurt businesses, economy
On Wednesday, Sens. Loni Hancock and Holly Mitchell introduced an attack on California’s most important taxpayer protection, Proposition 13 (“It’s time to make Prop. 13 fairer for homeowners”; Viewpoints, June 10). SCA 5, a proposed constitutional amendment, would alter California’s constitution to create a “split roll” property tax, imposing higher property taxes on non-homeowner properties, including business properties. They claim SCA 5 would raise $9 billion – that’s billions of taxpayer dollars in a time when California is seeing a record budget surplus, is able to pay all its bills and store money in the rainy-day fund and still have a multibillion-dollar surplus. (Sac Bee, June 13, 2015)