Initiative Constitutional Amendment. Provides that total ad valorem tax burden on all property limited after July 1, 1969, to 1 percent of market value for property related services (all costs except for education and welfare) plus 80 percent of base cost of people related services (costs for education and welfare) ; percentage of base cost for people related services reduced 20 percent annually and eliminated after July 1, 1973. Limitations may be exceeded to extent specified to pay existing and future bonded indebtedness.
Popular Vote Results
Y: 2146010; A: 32.0; N: 4570097; B: 68.0
Philip E. Watson, Assessor, Los Angeles County; Everett C. McKeage, Former Judge of the Superior Court of California, San Francisco Co-Chairman, Citizens Committee for Property Tax Limitation, Inc.; David N. Robinson, Past President, California Real Estate Association Realtor, Berkeley
Robert C. Brown, Executive Vice President California Taxpayers' Association; Jack Rees, State Executive Secretary California Teachers Association; Joseph Diviny, Vice President International Brotherhood of Teamsters
TAXATION, LIMITATIONS ON PROPERTY TAX RATE California Proposition 9 (1968).