Schools and Communities First
Our state’s unbalanced tax system has caused California to fall behind. Since Proposition 13’s passage in 1978, our schools and communities have lost out on billions of dollars in vital funding. We can bring that money back to our communities, but we need a massive wave of support to win.
Alongside a coalition of over a hundred grassroots and labor organizations, TechEquity is working to pass the Schools and Communities Funding Act of 2020 (SCF). Our reform closes commercial property tax loopholes which currently only benefit big corporations and wealthy investors. It restores funding to essential local services to keep our state moving forward.
Prop 13 (passed in 1978) unfairly pegs the taxes landowners pay to the purchase price of the property—not to its market value. Prop 13 treats commercial and residential property the same, making it possible for large commercial landowners like Chevron and Disney to get a tax break originally meant to keep low-income seniors from losing their homes.
Property taxes pay for public education, affordable housing, and other local services; the lack of funds created by Prop 13 hinders the health of local communities and the ability for our growing economy to benefit everyone.
The Schools and Communities Funding Act will reform the corporate property tax giveaway, restoring $12 billion per year to local budgets for vital services.
Reclaims over $12 billion per year for K-12 schools, community colleges, and local communities
Closes commercial property tax loopholes and ends shady schemes that big corporations and wealthy investors use to avoid paying their fair share of property taxes
Protects all homeowners and renters by maintaining tax protections for ALL residential property
Invests in educating all of our kids and in the vital services necessary to support our families and communities
Provides one of the largest tax incentives in a generation to spur new investment in small businesses
Levels the playing field for all the businesses that already pay their fair share
Ensures strict accountability so that money goes directly to our students and communities