By Liza Veale, KALW/Crosscurrents
If you’ve heard of Proposition 13, you probably know that it cut property taxes in 1978, which reduced funding for public schools and other services. It also has a lot to do with the state’s shortage of housing and, many argue, the fact that rents are so darn high.
Repeal efforts have failed for years, but the affordability crisis may mean that the time for change has finally arrived.
Yet the new proposed ballot initiative is a compromise of sorts.
Read the complete story at KALW/Crosscurrents.
