With all due respect Joe. You didn’t know the difference between the new Prop 13 on the March ballot and the Split Roll Commercial Property Tax measure on the Nov. ballot..Just saying.
13Which one?
(See Bobby, I learned something!).
Ha Ha Joe. I’ve had to explain the difference to many of my friends the last couple weeks. Was at my local pub last night explaining the difference. One old timer was concerned since he bought his home in Placentia in the late 70’s was pissed he was paying $1500 in property taxes. I told him I was paying 6K And he was safe for now with this different Prop 13. I told him they don’t retire good prop numbers like they do numbers in sports.
That’s how I voted. Sent mine in today.
I think this is the language that is causing confusion. They are still GO bonds paid by general state revenue (property, sales, income tax etc.).
Where there is potential to see an increase in local property taxes, a line item on our tax bills, is the ability for local school districts to raise their debt limit and issue local GO bonds. These bonds require a vote of the people within the district. If you live in a conservative area, may not be an issue. If you have a lot of progressive neighbors, you may be in trouble.
I‘ve attached the link below that presents the facts in greater detail, for and against.
“Changes Local Funding Rules for Districts. The state also would make three key changes relating to school districts’ and community college districts’ local revenue-raising capacity. First, districts would be allowed to issue a higher amount of local general obligation bonds. Specifically, for elementary and high school districts, the limit would be raised from 1.25 percent to 2 percent of assessed property value. For unified school districts and community college districts, the limit would be raised from 2.5 percent to 4 percent of assessed property value. Second, school districts unable to raise $15 million under these new limits (up from the existing $5 million threshold) would be able to apply for additional state funding. Third, the state would establish new limits on developer fees. Specifically, school districts would be prohibited from assessing developer fees on multifamily residential developments (such as apartment complexes) located within a half-mile of a major transit stop (such as a light rail station). For all other multifamily residential developments, currently allowable developer fee levels would be reduced by 20 percent moving forward. These limitations would be in place until January 1, 2026.”
Proposition 13 [Ballot]
A YES vote on this measure means: The state could sell $15 billion in general obligation bonds to fund school, community college, and university facility projects. In addition, school districts and community college districts would be authorized to issue more local bonds, and school districts...lao.ca.gov
Wasn’t how the gas tax was supposed to go either yet we see how that worked out. Newsom is a disaster.
Ha Ha Joe. I’ve had to explain the difference to many of my friends the last couple weeks. Was at my local pub last night explaining the difference. One old timer was concerned since he bought his home in Placentia in the late 70’s was pissed he was paying $1500 in property taxes. I told him I was paying 6K And he was safe for now with this different Prop 13. I told him they don’t retire good prop numbers like they do numbers in sports.
See post #159. You may find the answer you are asking about.
I think you quoted the wrong person.
I think you quoted the wrong person.
X2!
www.craighuey.com
Real time results and a lot of information here.
I've got a bad feeling this is measure is going to go through...
California Proposition 13, School and College Facilities Bond (March 2020)
Ballotpedia: The Encyclopedia of American Politicsballotpedia.org
When the tax revenue falls just start increasing the taxes on what people already own.
No dog in this fight, just my opinion on this question.
You keep assuming they will not redirect the money somewhere else. You should lay of the Payote!
