California budget crisis brings critics of Prop. 13 to the fore - San Jose Mercury News: "Proposition 13 is the 1978 law that rolled property assessments back to 1975 levels and capped both the annual increase in assessed value and the tax itself.
The state's budget crisis is prompting another review of the popular measure. Several groups, including the nonprofit California Tax Reform, and a campaign recently started by San Francisco Assessor Phil Ting, are leading a charge to change Proposition 13 to extract more taxes from commercial property owners."
Oh, sure. Raise taxes on business in a recession. That will do wonders for the unemployment--in the wrong direction.
Thanks to Fred Pilot for this link.