[quote=FlyerInHi][quote=SK in CV] The net result was exactly the opposite of what Howard Jarvis claimed he wanted. Property tax revenues skyrocketed as values increased. In the last 30 years, total property taxes collected have increased at a rate 3 times that of total population growth and inflation combined. As measured by Jarvis’ original platform, Prop 13 has been a total failure. It can and should be fixed. I have no idea whether or not it will be.[/quote]
True… but that main impetus for changing Prop 13 is for more revenue, not the same amount or less revenue.
If tax revenues don’t increase, I doubt stakeholders will have any interest in upsetting the applecart.[/quote]
Agree with Brian on this one. The impetus behind tinkering with or abolishing Prop 13 is to get more revenue by eliminating the tax subsidies for those who don’t need or deserve them.
