Hurts Small Businesses and Consumers
Most small businesses rent the property on which they operate. Prop 15’s higher property taxes will mean soaring rents at a time when the federal and state government is trying to provide small businesses with rent relief to keep their doors open. Ultimately, the measure’s tax hike on businesses will get passed on to consumers in the form of increased costs on just about everything people buy and use, including groceries, fuel, utilities, day care and health care.
California Families Can’t Afford a Higher Cost of Living
Californians face some of the steepest taxes in the country. We pay the highest income, state sales and gas taxes and our cost of living is already among the nation’s highest! This measure will drive the cost of living even higher and especially hurt families that are already struggling to get by.
This measure has no accountability to taxpayers. Sacramento politicians can divert the new local government tax money for other purposes that benefit special interests, just like they have done with the gas tax.
No Taxpayer Protections
Don’t be fooled. Supporters say the property tax increase is about more money for schools, but nearly 70 percent of the new tax money doesn’t go to schools. Instead, it goes to the state and local governments to spend however they want – just like they are doing with the lottery. There are absolutely NO education reforms and ZERO requirements that any of this new tax money will be used to improve school performance, reduce class size, or expand science, art, music, and after-school programs. Instead, the new money can be spent on administrative staff and outside consultants.
Homeowners Are Under Attack
If businesses lose their Prop 13 protections, homeowners will be next. Supporters of Prop 15 even admitted that this initiative was the first step in a plan to end Prop 13, which could mean skyrocketing property tax increases for all California homeowners.
We should reject Prop 15 and maintain Prop 13 protections that have kept property taxes affordable and provided every taxpayer who buys a home, farm or business property with certainty that they can afford their property tax bills in the future. Now is not the time to raise taxes and bring more uncertainty to businesses and all Californians.