Posted by
Playful Walrus on Thursday, July 09, 2009 4:00:00 PM
Joel Fox, president of the Small Business Action Committee , co-founder and editor of foxandhoundsdaily.com, and former president of the Howard Jarvis Taxpayers Association, writes in today's Los Angeles Times that "Proposition 13 Isn't the Problem"
This is not to be confused with my recent posting, "Prop 13 is Not the Problem".
Let's get the facts straight. Despite the cap instituted by Proposition 13, property taxes have increased dramatically in California. According to Board of Equalization data, property tax revenue has increased 800% since the measure passed in 1978 -- from $5.6 billion a year to $50 billion. Compare that with general fund revenue -- made up largely of sales, income and corporate taxes -- which has increased 500% over the same period.
Also see what I wrote in this past installment.