CA Proposition 15 could bring millions to Oakland Schools, new burdens to businesses, tax assessors

The Elmhurst School campus that Elmhurst Community Prep currently shares with Alliance Academy

Voters will decide next month whether to approve a ballot measure which could provide a windfall for schools and local governments, but a far greater burden on businesses and tax assessors.  The existing property tax law is governed by a 1978 ballot measure, Proposition 13, which significantly limited state property taxes. But the new measure,…

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