California voters reject revamp to property tax system
SAN DIEGO (AP) — California voters rejected a proposal to partially dismantle the state’s 42-year-old cap on property taxes, a move that would have have raised taxes for many businesses in a pandemic-hobbled economy.

Following Tuesday’s update to the vote count, Proposition 15 had only about 48% support and was trailing by more than a half-million votes.

The loss is another blow to organized labor, which also came out on the losing side of the most expensive ballot question in state history. It would have required Uber, Lyft, DoorDash and other app-based delivery services to treat their drivers as employees rather than independent contractors....

RSK: Hey California...waking up. Time to revamp all that taxing and revamp...some of your dreams are way too far away to strangle businesses at this point. it down with the taxpayers and see what they have to say and how they feel things should work out.

- - Volume: 8 - WEEK: 47 Date: 11/17/2020 8:33:10 AM -