ICYMI: San Francisco Chronicle Editorial Board Endorses Prop. 15
“For more than 40 years, California has endured a contorted property tax system that punishes home buyers, chills housing construction and rewards businesses who skate by when assessments are set. Proposition 15 would ease the worst of these abuses while protecting homeowners and small businesses.”
Today, the San Francisco Chronicle Editorial Board endorsed Prop. 15, citing the abuses and disparities that exist in the current system which Prop. 15 would help fix – all while protecting small businesses and homeowners.
The endorsement also addresses arguments against the measure, stating that: "Opponents claim that now isn’t the right moment for a tax increase, given a pandemic-ruined economy and 13.3% jobless rate. But the changes in Prop. 15 would take place beginning in July 2022 and could be delayed longer if the Legislature chooses. That flexible timetable will allow for the economy to recover."
For the full endorsement, please see below:
San Francisco Chronicle: Editorial: California Prop. 15 would cause businesses to pay fair share of property taxes
Chronicle Editorial Board