Yes on Proposition 15
Our state’s unbalanced tax system has caused California to fall behind. Since the passage of property tax loopholes 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 Proposition 15 this November. 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.
Our state is sorely underfunded largely due to a 1978 ballot measure— Proposition 13. Prop 13 has unfairly pegged the taxes landowners pay to the purchase price of the property—not to its market value. Prop 13 has treated 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.
This is why our measure, Prop 15, is so critical for restoring the health of our communities. 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.
Prop 15 will reform the corporate property tax giveaway, restoring $11.5 billion per year to local budgets for vital services.
Reclaims over $11.5 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
Become a campaign volunteer by signing up on the form in the righthand column
Join us on Wednesdays to call voters to pass Prop 15!