California Voters To Decide On Increase In Property Tax Come November


California voters will decide in November whether to increase property taxes on commercial and industrial land. If approved, the ballot measure would raise up to $12 billion annually for public schools and government buildings across the state. Supporters say the money will give local governments new funds to spend on K through 12 education, homelessness and other community needs. Opponents and groups representing restaurants and retailers argue raising taxes will hurt businesses.