Rex S. Hime
President & CEO, California Business Properties Association discuss why Prop 13 matters for business in California.
ANTI-PROP 13 GROUP REVEALS ITSELF IN SACRAMENTO
“A newly formalized coalition of public employee unions and other left-wing political groups held a press conference this week to reveal an effort to repeal commercial real estate protections under Proposition 13. Ultimately, the groups says its goal is to impose an $9 billion tax on businesses through “split roll” – removing Prop 13 protections for commercial real estate so taxes can be raised separately from residential and agricultural properties.
The coalition has come together under the slogan “Make It Fair; Close the Corporate Loopholes and Rebuild California,” which is very similar to sloganeering from activist groups that have been trying to erode public support of Prop. 13….”
