
Proposition 13 - America's Second Great Tax Revolt
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In 1978, the citizens of California took the historic step of voting forProposition 13, thus reducing property taxes by 57%. Already knownas a trend setting state, California’s tax revolt was no different,as similar tax revisions quickly spread across the United States ofAmerica. In California, state and local governments struggled to finda way to manage the loss in revenue. On many occasions budg...
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In 1978, the citizens of California took the historic step of voting forProposition 13, thus reducing property taxes by 57%. Already knownas a trend setting state, California’s tax revolt was no different,as similar tax revisions quickly spread across the United States ofAmerica. In California, state and local governments struggled to finda way to manage the loss in revenue. On many occasions budg...
Read more
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