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Archive for June 10th, 2013

Lay Your Burden Down: Proposition 13 Revisited

Monday June 10th, 2013   •   Posted by K. Lloyd Billingsley at 10:25am PDT   •   1 Comment

In California between 1974 and 1978 property taxes increased 120 percent and people worried they might lose their homes. Enter Proposition 13, which amended the state’s constitution to limit the growth of property taxes—appropriately enough, as 35 years ago the state was running a budget surplus. The measure capped property tax rates for residential…
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