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KQED's Forum

Election 2020: Proposition 15 Would Raise Property Taxes on Big Businesses for Schools, Local Governments

KQED's Forum

KQED

News Commentary, News, Politics

4.2727 Ratings

🗓️ 8 October 2020

⏱️ 54 minutes

🧾️ Download transcript

Summary

Forum breaks down California’s Proposition 15, which would require that some commercial properties be reassessed every three years at market value.  The measure would raise property taxes on many of the state’s largest businesses, with the money going to schools and local government.  We’ll hear from both sides of the debate and take your questions on the biggest property tax change in California since prop 13 passed in 1978. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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From KQED.

1:03.2

From KQED Public Radio in San Francisco. I'm Michael Krasny. Proposition 13 passed more than four decades ago, has dominated California political discussions for years because of the way it reshape

1:08.5

tax policy, housing, and school funding in the state.

1:12.2

Now, California voters are considering a measure that would be the biggest change in property

1:16.5

taxes since Prop 13 passed back in 1978. Proposition 15 proposes that big commercial

1:23.1

properties be reassessed every three years at market value. The extra revenue generated will go to

1:28.3

schools and local government. Coming up, we'll break down the details of Prop 15, talk with the

1:33.7

pro-and-con campaigns, and take your questions and comments. That's next after this news.

2:01.3

Welcome to Forum. I'm Michael Krasny. In this hour, we're going to break down California Proposition 15, which would require that some commercial properties be reassessed every three years at market value. And we'll hear from both sides of the debate.

2:06.5

And we'll also take your questions on the biggest property tax change in California since Prop 13 passed back in 1978. But first, let's hear an explainer from our colleagues at KQED's Bay Curious

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