Sorting Out Prop 13’s Impact On Education
March 29, 2010
Maureen Cavanaugh: Tracing the source of California's fiscal problems is not easy. Our state has developed a particularly complicated way of both collecting revenue and allocating funds. But there is one date in California's budgetary history that is often cited as a watershed. It was the passage of Proposition 13. When that initiative was approved by voters in 1978, it capped property tax at one-percent of purchase price and limited yearly increases to 2-percent.
The results of that measure have affected our schools, local governments and homeowners, both positively and negatively ever since.
Guest
Joanne Faryon, KPBS reporter.