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INVESTING BILLIONS DIRECTLY IN LOCAL COMMUNITIES

THE PROBLEM:

The property tax is the largest source of local revenues in our communities.

 

When wealthy corporations avoid paying their fair share of local property taxes, they are robbing local communities of billions of dollars to invest in essential services. This directly hurts the quality of life for the people in those communities.

 

It also impairs the ability of cities and counties to effectively respond to pandemics, to homelessness and housing affordability. Further, it undermines essential services provided by special districts, including fire protection, our water supplies, and sewage treatment.

THE SOLUTION: PROP 15 PROVIDES BILLIONS FOR LOCAL COMMUNITIES

Prop 15 allocates its funding directly to local communities the same way that property tax revenues are currently allocated to cities, counties and special districts.

Prop 15’s allocation of its new loophole-closing revenues is consistent with the provisions of Proposition 1A approved by 84% of voters in 2004 and Proposition 22 approved by 61% of voters in 2010 to protect local property taxes from raids by Sacramento politicians.

Prop 15 recognizes that California is a diverse state with many local communities with different needs and priorities. Prop 15 places decisions on how local communities spend the new revenues – whether on front line healthcare workers, or reducing homelessness, or increasing fire protection or another priority – in the hands of local elected leaders and requires them to be fully transparent about each dollar they receive and how it is spent.

Prop 15 requires that counties be reimbursed out of its loophole-closing new revenues for the costs incurred by county assessors and other county offices implementing the measure.

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CLOSING PROPERTY TAX LOOPHOLES

SUPPORTING SMALL BUSINESSES

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PROTECTING AGRICULTURE AND GIVING FARMERS A TAX CUT

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REQUIRING FULL TRANSPARENCY AND ACCOUNTABILITY

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PROTECTING HOMEOWNERS AND RENTERS

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RECLAIMING BILLIONS FOR OUR SCHOOLS AND COMMUNITY COLLEGES

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INVESTING BILLIONS DIRECTLY IN OUR LOCAL COMMUNITIES

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Paid for by Yes on 15 - Schools and Communities First sponsored by a Coalition of Labor Groups and Social Justice Organizations Representing Families, Students and Essential Workers.

Committee major funding from:

California Teachers Association

Chan Zuckerberg Initiative Advocacy

SEIU California State Council