The high cost of split roll implementation
A proposed initiative that is headed for the November 2020 statewide ballot aims to raise at least $9 billion a year by increasing property taxes, but county tax assessors foresee major problems with implementing the measure if it is approved by voters.
The initiative, titled the California Schools and Local Communities Funding Act, would change the state constitution to mandate the reassessment of commercial and industrial properties to market value on a regular basis. Currently, under Proposit
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