paramount – thanks for that. I’d also state that while the revenues have increased, I’m skeptical whether people’s wages have increased as much (setting aside the supplemental income of HELOCS 😉
[quote=paramount]Proposition 13 didn’t cure that problem in California. But at least it kept people from getting taxed out of their houses to support public employees.[/quote]
Amen.
If we did not have Prop 13, our taxes would be extremely high — and no guarantee the State’s finances would be any better.
