Proposition 15: Commercial Property Tax

Bay Curious

KQED

History, Society & Culture, Places & Travel

4.9 • 999 Ratings

🗓️ 2 October 2020

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

We're digging into the 12 statewide ballot propositions in our Prop Fest series. This episode tackles Prop 15, which would change how the state assesses taxes on commercial and industrial property to raise money for public schools. Additional Reading: Episode transcript: https://bit.ly/3cLCvWw Prop Fest Homepage: https://www.kqed.org/propfest KQED Election Coverage: https://www.kqed.org/elections Reported by Scott Shafer. Bay Curious is made by Olivia Allen-Price, Katrina Schwartz and Rob Speight. Additional support from Erika Aguilar, Jessica Placzek, Kyana Moghadam, Paul Lancour, Bianca Hernandez, Ethan Lindsey, Vinnee Tong and Michelle Wiley.

Transcript

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0:00.0	From K-QED.
0:03.0	Happy Friday everyone and welcome to Day 2 of Bay Curious Propfest.
0:08.0	We're going through the 12 statewide propositions on the ballot this year.
0:11.0	That's one prop per episode. I'm Olivia Alan Price. Let's get to it.
0:18.4	Today we'll take on the contentious Proposition 15, which would raise the property tax assessments on many commercial properties
0:26.2	around the state. Local governments and school boards love this one, they see dollar signs, but businesses not so key here's the title of the
0:36.4	prop as you'll see it on your ballot. Proposition 15 increases funding for
0:41.0	public schools, community colleges, and local government services
0:44.6	by changing tax assessment of commercial and industrial property.
0:48.4	Billions of dollars are on the line with this one.
0:51.2	We'll get into who it pay and where that money goes today on
0:54.2	the show. It's Proposition 15, Commercial Property Tax.
0:58.0	Support for Bay Curious is brought to you by Sierra Nevada Brewing Company, still family owned, operated, and argued over.
1:09.0	Explore their brews wherever fine beverages are sold, and taste how trailblazing runs in the family.
1:15.8	Visit Sierra Nevada.com to find your new favorite beer today.
1:21.6	Before we can unpack Proposition 15, we first need to understand how commercial and industrial property tax in California works now.
1:30.0	And to do that, we have to venture back 42 years.
1:34.0	Yeah, well, you have to go back to like
1:39.0	1977-70 A, Livia.
1:42.0	This is KQED politics and government editor Scott Schaefer.
1:46.0	Back then, Jimmy Carter was president, Jerry Brown was governor the first time, and the inflation rate was high like really high.
1:53.4	Inflation's hit the standard of living particularly hard here
	...

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