The exemption for older homeowners and others will cut into property tax revenue but that will be more than offset by gains from ending breaks on inherited property, yielding a net gain that the state Legislative Analyst's Office estimates could reach hundreds of millions of dollars a year each for schools and local governments over time. Most of the new money would go to fire protection.
A vote of more than two-thirds of both houses in the state Legislature placed the measure on the ballot this year. In , the Realtors Association got on the ballot by gathering voter signatures. Labor unions became allies. The California Professional Firefighters union spent money to defeat the measure and became a co-sponsor of the version.
In , the brokers group raised far less money, a signal of how much more confident it was this time around. We followed 26 to find out why. All Sections. About Us. B2B Publishing. Business Visionaries. Hot Property. Times Events. Times Store.
Facebook Twitter Show more sharing options Share Close extra sharing options. Homes for sale in Menifee in Riverside County. By Liam Dillon Staff Writer. California Politics California Politics. Liam Dillon. Follow Us twitter instagram email facebook. Subscribers Are Reading. Lifestyle The L. California Gov. Lifestyle For Subscribers. California For Subscribers. Fresno's Veterans Day Parade back for nd year.
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