Taxes such properties based on current market value, instead of purchase price. Fiscal Impact: Increased property taxes on commercial properties worth more than $3 million providing $6.5 billion to $11.5 billion in new funding to local governments and schools.
INITIATIVE CONSTITUTIONAL AMENDMENT
TONY THURMOND, California Superintendent of Public Instruction JACQUELINE MARTINEZ, CEO Latino Community Foundation SASHA CUTTLER, Public Health Nurse San Francisco Department of Public Health
ROBERT GUTIERREZ, President California Taxpayers Association ALICE HUFFMAN, President California State Conference of the NAACP BETTY JO TOCCOLI, President California Small Business Association
Rebuttal Against Author
E. TOBY BOYD, President California Teachers Association CAROL MOON GOLDBERG, President League of Women Voters TARA LYNN GRAY, CEO Fresno Metro Black Chamber of Commerce
INCREASES FUNDING SOURCES FOR PUBLIC SCHOOLS, COMMUNITY COLLEGES, AND LOCAL GOVERNMENT SERVICES BY CHANGING TAX ASSESSMENT OF COMMERCIAL AND INDUSTRIAL PROPERTY. INITIATIVE CONSTITUTIONAL AMENDMENT California Proposition 15 (2020).