The Fiscalization Of Land Use
9 May 2003 - 1:00pm
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."
Full Story:
Short-Term Fixes Only Delay Fiscal Train Wreck
Source:
The Los Angeles Times, May 9, 2003
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The salient historical question is, of course, what made some cities fail while others succeeded?
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