Title

INCREASES FUNDING SOURCES FOR PUBLIC SCHOOLS, COMMUNITY COLLEGES, AND LOCAL GOVERNMENT SERVICES BY CHANGING TAX ASSESSMENT OF COMMERCIAL AND INDUSTRIAL PROPERTY. INITIATIVE CONSTITUTIONAL AMENDMENT

Proposition Summary

Taxes such properties based on current market value, instead of purchase price. Fiscal Impact: Increased property taxes on commercial properties worth more than $3 million providing $6.5 billion to $11.5 billion in new funding to local governments and schools.

Proposition Number

15

Year

2020

Document Type

Proposition

Election Type

General Election

Proposition Type

INITIATIVE CONSTITUTIONAL AMENDMENT

For Author

TONY THURMOND, California Superintendent of Public Instruction JACQUELINE MARTINEZ, CEO Latino Community Foundation SASHA CUTTLER, Public Health Nurse San Francisco Department of Public Health

Against Author

ROBERT GUTIERREZ, President California Taxpayers Association ALICE HUFFMAN, President California State Conference of the NAACP BETTY JO TOCCOLI, President California Small Business Association

Rebuttal Author

JON COUPAL, President Howard Jarvis Taxpayers Association ALICE HUFFMAN, President California State Conference of the NAACP BETTY JO TOCCOLI, President California Small Business Association

Rebuttal Against Author

E. TOBY BOYD, President California Teachers Association CAROL MOON GOLDBERG, President League of Women Voters TARA LYNN GRAY, CEO Fresno Metro Black Chamber of Commerce

Recommended Citation

INCREASES FUNDING SOURCES FOR PUBLIC SCHOOLS, COMMUNITY COLLEGES, AND LOCAL GOVERNMENT SERVICES BY CHANGING TAX ASSESSMENT OF COMMERCIAL AND INDUSTRIAL PROPERTY. INITIATIVE CONSTITUTIONAL AMENDMENT California Proposition 15 (2020).
https://repository.uclawsf.edu/ca_ballot_props/1384