Nor did it mention that Bay Area (inc Contra Costa) prop tax revenue has exploded last five years. Yes - it's never enough for government.
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the new people are paying the vast majority of that. The new people the NIMBYs don't like.
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well, it's like Conrad said in Heart of Darkness, "the conquest of the earth..is not a pretty thing when you look into it too much."
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Curious what Moraga Country Club pays in property taxes. (Because of Malcolm Gladwell)
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Property taxes are incredibly unequal and unfair in many instances though. older homeowners with little income might own that $1.3m home
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It kinda does? “Cunningham said the town isn’t earning enough money because Proposition 13 keeps its property tax revenue stagnant”
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Cutting back salaries is the last thing you should do..and yet people love that narrative.
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It’s in the 14th graf. “Proposition 13 keeps its property tax revenue stagnant and the lack of business growth keeps sales taxes low.”
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On the other hand Prop 13 effect is the perversity that older owners are staying/being stuck in homes due to low cost.
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the lack of means testing is such a glaring flaw in the proposition
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