The Truth About Prop 15
Special interests are pushing Prop 15 on the November 2020 statewide ballot that will destroy Prop 13’s property tax protections and raise property taxes by up to $11.5 billion a year. Prop 15 has too many flaws and will increase the cost of living for all Californians.
FLAW #2 HURTS CALIFORNIA’S RENEWABLE ENERGY GOALS
Prop 15 will eliminate the incentive to build solar energy systems which will endanger California’s goal of 100% renewable energy by 2045 and increase utility bills for families – ultimately driving our cost of living even higher.
FLAW #4 HURTS LOCAL GOVERNMENT BUDGETS
Prop 15 will be a nightmare for local governments to implement. It will create more than a billion dollars in new administrative expenses over three years for county assessors, which must be repaid before any tax revenue goes towards the measure’s stated goals.
FLAW #5 NO ACCOUNTABILITY, LACKS TRANSPARENCY
Taxpayers will receive no accountability protections in exchange for $11.5 billion in higher taxes. The new taxes will go to state and local governments to spend however the politicians want – just like they are doing with the lottery.
FLAW #6 HURTS RENTERS & MAKES CALIFORNIA’S HOUSING CRISIS WORSE
Prop 15 will decrease our housing supply and drive rents and home prices higher as local governments maximize revenue by approving higher-taxed commercial and industrial developments over affordable housing.