02-01-2018 05:00 via ocregister.com

Proposition 13 isn’t the problem, pensions and spending are

Not for the first time, an effort is underway to persuade voters to “reform” Proposition 13 and raise property taxes.
“The California Schools and Local Communities Funding Act of 2018” was filed in mid-December with the attorney general’s office. It aims to raise $11 billion per year by removing Prop. 13 protections from industrial and commercial properties, reassessing them based on the unrealized, paper profits from rising real estate values.
However well-intentio
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