California’s Proposition 13 Ballot Measure 2020: What, Why?

By Caroline Abkar, Realtor

There is good reason to be confused about the California Proposition 13 ballot measure. While I won’t sway anyone’s vote one way or another, I think it’s important to make the most informed decision possible so here is a breakdown of what you need to read/know.

Firstly, this ballot measure is not, nor does it have any real bearing on, the Proposition 13 — the landmark 1978 initiative that limits property taxes and restricts their annual increase. That Prop 13 transformed the state’s finances and has since become a “third rail” in California politics. It seems like an accident of fate that they have the same name.

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Posted on March 3, 2020 at 4:44 am
Caroline Abkar | Category: Market News | Tagged , , , , , , ,