California State PTA supports California Schools and Local Communities Funding Act.
This initiative will change how commercial and industrial property is taxed and will increase funding for K-12 public schools, community colleges and local governments by requiring that commercial and industrial real property be taxed based on current market value.
It protects all homeowners and renters by maintaining tax protections for ALL residential property.
MORE MONEY FOR SCHOOLS AND COMMUNITIES
The initiative will raise up to $12 billion in most years, depending on the strength of real estate markets. This money would be allocated to schools (40%) and other local governments (60%).
“Our schools have been desperately underfunded for years, and we need this measure to ensure our children have the resources they need in order to learn.
“We urge parents and families across the state to support this act to give classrooms – and our children – the funding they need.” – California State PTA President Celia Jaffe
WHAT WILL THIS INITIATIVE DO?
Commercial and industrial properties, as well as vacant land not intended for housing, commercial agriculture, or protected open space, will be taxed based on market value, as opposed to purchase price. A property’s market value is equivalent to what it could be sold for today.
Properties owned by individuals or businesses whose property holdings in the state total less than $3 million (adjusted for inflation) are exempt from market value taxation. These properties would continue to be taxed based on purchase price.
Residential properties would continue to be taxed based on purchase price.
The measure exempts from taxation the first $500,000 of value of a business’s personal property.
WE NEED YOUR HELP TO GET THIS INITIATIVE PASSED. WILL YOU SIGN UP TO VOLUNTEER?
Click here to volunteer to help pass the new and improved California Schools and Local Communities Funding Act in November 2020.
- Website: https://schoolsandcommunitiesfirst.org/
- Facebook: https://www.facebook.com/Schools1stCA/
- Twitter: @Schools1stCA
- California State PTA Task Force Study
- California State PTA Summary of Changes to Ballot Language
- Campaign press release announcing California State PTA support
- Campaign Website
- Title and Summary, Issued on Oct. 17, 2019
- Fiscal Impact Estimate Report
- Text of Initiative
Schools & Communities First qualified in 2018 for the November 2020 general election ballot. On August 13, 2019, the campaign filed a measure with new, improved language based on feedback from stakeholders around the state. Upon qualification, the earlier version will be withdrawn.