Vote YES on Proposition 13 on March 3, 2020 Ballot
There are two initiatives circulating around California and many people are confused what they mean and should they support them or not. As Democrats, we should vote YES on both.
Proposition 13, which will be on the March 3, 2020 Primary ballot, is a short-term bond initiative ($15 billion in general obligation bonds) to better fund California School construction and needed improvements.
Proposition 13 Summary on the March 3, 2020 ballot states “Authorizes $15 billion in state general obligation bonds for construction and modernization of public education facilities. Fiscal Impact: Increased state costs to repay bonds estimated at about $740 million per year (including interest) over the next 35 years.” Proposition 13 was endorsed by the California Democratic Party at the recent CDP Convention in Long Beach. Please vote YES for Proposition 13on your Primary Ballot. If you want more information about this Proposition or the Primary election, go to the Secretary of State’s recently published California Presidential Primary Election Tuesday March 3, 2020 Official Voter Information Guide at https://voterguide.sos.ca.gov/pdf/complete-vig.pdf This is a NEW Proposition 13, not to be confused with Proposition 13 from decades ago regarding residential property taxes and assessments.
The Schools & Community First Initiative is a longer term solution to the underfunding of California schools and local community services as it intends to modify California tax code on commercial and industrial properties. If the Initiative receives enough signatures it will be on the November 3, 2020 Presidential ballot. If you haven’t already signed the petition for this Initiative, we would encourage you to do so at the next AADC meeting or PCDP Central Committee Meeting. The Petition states ” Increases funding for public schools, community colleges and local government services by changing tax assessment of commercial and industrial property. Initiative Constitutional Amendment. This Initiative EXEMPTS residential properties, agricultural properties and owners of commercial and industrial properties with combined value of $3 million or less.”
This Initiative is expected to provide between $7.5 and $12 billion annually to schools and community colleges (40%) and local governments (60%). This Initiative is intended to fix the inequity of the “Split Role” created by the original Proposition 13 which changed how California property is assessed and taxed. Since Commercial and Industrial properties (identified via the “Split Role”) are usually held by corporations, they have been evading the increased assessment that was put on residential property for decades under the original Proposition 13 (not the NEW Proposition 13 above). This initiative will INCLUDE Commercial and Industrial properties above $3 million in combined value in reassessment, ending corporate property tax evasion. So confusing, but hopefully now you better understand the differences. If this Initiative is on the November 3, 2020 ballot we recommend you vote YES to support public education and local government funding!