Good morning.
Today, we’re digging a little deeper, one last time, into Proposition 15, the complicated, seemingly mundane, but ultimately very consequential measure on Californians’ ballots.
It would change the way commercial properties are taxed, partially rolling back Proposition 13, the landmark 1978 measure that capped property tax increases and has been a defining force in California fiscal policy ever since.
[Refresh your memory on the highest-profile ballot initiatives this year.]
My colleague Conor Dougherty wrote more about the long-running fight — its roots and why it’s…
