ACTION Apartment Association - A sagging economy could doom a 2020 ballot measure to raise commercial property taxes

Home
A sagging economy could doom a 2020 ballot measure to raise commercial property taxes

A sagging economy could doom a 2020 ballot measure to raise commercial property taxes

12/24/2018 8:55 AM | Margaret Fulton (Administrator)

An effort to remove commercial property in California from the tax limits imposed by the landmark Proposition 13 could be felled by an economic slowdown, Gov. Jerry Brown said.

In a Saturday interview with The Times at his Northern California ranch, Brown said liberal activist groups that have successfully placed the proposal on the November 2020 statewide ballot shouldn’t read too much into early poll numbers showing support for the plan.

“That isn’t as easy as you think,” Brown said. “Because you’re going to be in a downturn of the business cycle. And you’re talking many kinds of business. And the cost of doing business in California is already high.”