Proposition 13 reform is a 2020 ballot initiative that would close a corporate property-tax loophole and would bring in $45-50 million annually for Oakland public education. Current law allows a small number of large commercial property owners to avoid paying over $11 billion every year in property taxes. The 2020 ballot initiative reform would restore that $11 billion to fund our schools and local community services without raising taxes on homeowners, renters, and small businesses. It’s absolutely unacceptable and insufficient that California spends about half of what states like New York and Connecticut spends per student in our schools.
GO Public Schools Oakland Advocates is proud to endorse Proposition 13 reform. Watch our new video to learn more about how this measure, if passed, would impact Oakland students in particular.