Episode description
Today’s episode of Property Management Brainstorm helps navigate a new proposed California state tax. If you are not aware of the California Split Roll Measure, you will certainly hear more as 2020 draws closer. Former California state senate member and local San Diego politician, Joel Anderson, is an expert on this topic and joins Bob to provide great insights into the proposed measure on this episode. Be sure to listen. For more information about Joel Anderson, click on this link to the Joel Anderson’s website. This episode is always available for listening, sharing, or download at Property Management Brainstorm.
Outline of This Episode
- [2:29] Who Joel is and his history
- [4:14] What is Proposition 13
- [5:45] California Schools and Local Funding Act of 2018
- [7:00] Who is behind it and why it is being proposed
- [9:00] The opposition
- [11:34] Joel’s position
- [14:25] How this legislation could impact the overall economy
- [19:40] What happened to the state lottery funds?
- [24:34] Is this a step to a similar change on residential property tax?
- [34:24] Joel’s closing thoughts
Who Joel Anderson is
Joel Anderson previously represented the 38th senate district and is a member of the American Legislative Exchange Council serving the state of California as a leader. He recently announced that he will be running for the San Diego Board of Supervisors in 2020. The Board of Supervisors addresses quality of life issues for those living in San Diego. He believes that government should be effective, efficient and accountable in its actions. Joel believes that California has failed to deliver on housing and career opportunities, which is causing baby boomers to exit the state and making it so that millennials cannot afford to stay either.
California state tax: Proposition 13
Proposition 13 was legislature introduced during the 1970s during California’s massive growth.When someone purchases or builds a home, it allows a 1% assessment of market value and up to a 2% assessment every year after that. It also said that if you are a local government and want to raise taxes, you need a supermajority of ⅔ votes to pass this tax. It kept the government from spending out of control and it also made life in California more predictable for homeowners and government alike on tax revenue.
The California Schools and Local Funding Act of 2018
The California Schools and Local Funding Act of 2018, also known as the California Split Roll Measure, says t
Connect with Bob Preston
https://www.propertymanagementbrainstorm.com/
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