Complain about the rates if you want, but it makes very good sense for property tax to be a tax on the value of the property!
Basing it on purchase price would create all kinds of crazy incentives...people who bought a house 30 years ago would be paying property tax on a "$20,000 home" so the entire city budget would be funded by young people edging their way into their first home, which would be insane.
I think people underrate the extent to which California is broken because of (a) insane ballot initiatives, e.g. Prop 13, and (b) insane court decisions, e.g. CEQA. These policies would not have passed out of the legislature.
By 2031, California is projected to lose more than one million K-12 students compared to its peak a decade ago — a drop from 6.3M to 5M.
There’s a one-word explanation for this steep fall: Housing
Fewer students means school closures, fewer teachers, an older population, a depleted workforce & lower tax revenues.
Yet people continue to fight tooth & nail against pretty much every solution for building the huge number of homes we need for our state to thrive. There’s always an excuse — neighborhood character, parking, historic preservation, traffic, views.
But, bottom line, we either want a thriving state — one with a growing economy, strong public services & a diverse population, including young people — or we don’t. I vote for a thriving future for California.
Here’s the data: https://t.co/uQGT0lBaTW
I don't think the average Californian is registered that, if the state can't make itself affordable to working- and middle-class families in the next few years, there will be mass school closures.
Very important question: If YIMBY/Abundance is winning in California, why isn't the state building more homes?
Brian Hanlon (@hanlonbt): "The main reasons we don’t have housing come down to three basic things."
- First, zoning. It’s illegal to build dense housing even when there’s demand.
- Second, streamlining and permits. Even if the housing is legal to build, getting approval can be time-consuming, uncertain, and expensive.
- Third, costs: not just higher labor costs, but also govt-imposed costs, like inclusionary zoning and parks fees
I would add: The most recent YIMBY wins have coincided with a high interest rate environment and a Trump immigration policy that especially affects places like CA that rely on foreign-born workers. That said, interest rates are national and CA's building crisis is special.
https://t.co/dApRt9C805
I’ve rewatched this clip all morning
The Nebraska players all thought it went in. Fred Hoiberg thought it went in. The Vanderbilt players can’t believe it missed.
Just an all time moment
41-year Nebraska announcer Kent Pavelka’s (@KentPavelka) call of the end of #4 Nebraska’s win over #5 Vanderbilt and advancement to their first Sweet 16