back in the 70s, california used to be the envy of america. great public schools. tuition free universities. now.the state ranks among the bottom 5 states.
these articles about california’s financial woes. like schwarzenegger terminating thousands of jobs because of the most recent budget crisis. always fail to mention proposition 13, passed in 1978 which doesn’t allow the state to raise property taxes. property tax is perm. set at 1%.
section 1 of proposition 13 states: the maximum amount of any ad valorem tax on real property shall not exceed one percent (1%) of the full cash value of such property. the one percent (1%) tax to be collected by the counties and apportioned according to law to the districts within the counties.