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From KQED.

Welcome back to Forum.

I'm Mina Kim.

We turn now to Proposition 19, which would change the state's property tax structure in multiple ways and use the projected revenue to fund wildfire protection. Here to break it down with us is Liam Dillon of the Los Angeles Times. Thanks so much for joining us. Good morning. Thanks for having me. And so can you just first talk about the three main things that Prop 19 would do?

I'm going to try very hard, but this is very complicated. One of the most complicated measures

that I've come across in my time of covering California politics. And so essentially, as you said,

there are three main areas. There's a new tax break for older homeowners, so it's 55 and older, where when they move to,

were they to move to a new more expensive property, they could take their lower property tax

payments that they have at their existing house and then blend that with the market value of

the new home that they're getting to reduce what that property tax payment

would be. And so that's number one, and that's a pretty big benefit to those folks. Secondarily,

...