CA has some of the lowest effective property tax rates in the US. Perhaps why so much $$ is parked in housing here.https://twitter.com/Noahpinion/status/757679204435582976 …
yes, I mean, some people decided to undertax property in the 1970s, therefore we had to do lots of weird stuff after that.
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why is property tax earmarked for schools and not just part of one big budget that is divided as needed?
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bc voters earmarked a portion of General Fund for K-12 w Prop. 98 after they destroyed taxes w/ Prop. 13 http://www.economist.com/node/18563678
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