It’s time for reform
By Barbara Commins, San Francisco | 10/26/2016
Editor: It seems like every week I am reading about another locality having fiscal problems.
This week, it’s in Contra Costa with a threat to funding their firefighters. With the rising costs of rent and housing in California, our labor force needs higher wages, and the state needs more revenue.
There’s an easy fix available – reform Proposition 13 for commercial properties only. Instead of contributing 50 percent of revenues like they used to, they are only putting in 25 percent by using tax loopholes.
Commercial property does not include rental properties, so there’s no concern it would drive up rents.
Let’s restore these much-needed revenues to California!