PROPOSITION 13….Via Calblog, I discover that not only is today the anniversary of D-Day, it’s also the anniversary of Proposition 13, which instituted California’s famous property tax limits.
Prop 13 is a pretty good example of the law of unintended consequences. It did reduce property taxes, and thus reduced a considerable load of middle class anxiety caused by skyrocketing property values, but it also transferred a lot of power from local cities and counties to the state as local property tax revenues dried up. Prop 13 isn’t the only culprit in this shift, but Sacramento has a lot more power in local affairs today than it did 25 years ago. That’s something that conservatives, at least, ought to be wary of.