Proposition 15 is arguably the most consequential measure facing California voters on the Nov. 3 ballot. By creating a “split-roll” system that taxes commercial and industrial property differently from homes, it would transfer as much as $11.5 billion annually from businesses to local governments and schools.
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LA Times: Yes on Prop 15
By creating a “split-roll” system that taxes commercial and industrial property differently from homes, it would transfer as much as $11.5 billion annually from businesses to local governments and schools.