The Fiscalization Of Land Use

David Abel and Rick Cole explain why California has to come to terms with California's broken Prop. 13.

"Next month marks the 25th anniversary of Proposition 13. Because then-Gov. Jerry Brown and the Legislature failed to deal with the growing revolt against soaring property taxes, voters approved the Jarvis-Gann initiative, slashing property taxes by nearly two-thirds and imposing strict limits on future increases. In the quarter-century since, that failure of state leadership has only been compounded. No serious attempt has ever been made to deal with Proposition 13 and put in place a fair and stable system for paying for California's public services. All we've had is crass opportunism, crisis management and unintended consequences."

Thanks to Larry Segal

Full Story: Short-Term Fixes Only Delay Fiscal Train Wreck

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