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.