We’re all getting tested in ways nobody could’ve expected, and we’re lucky to have Governor Newsom and all those on the frontlines leading us through this crisis. But there’s no sugarcoating it: our schools, essential workers and local governments are facing unprecedented threats of budget cuts.
We have some tough times ahead of us, and we’re going to need reasonable solutions to claw our way out of this crisis.
The Schools & Communities First initiative, now Proposition 15 on the November ballot, garnered a record 1.7 million signatures of support. It would close corporate property tax loopholes to bring back $12 billion locally for our schools, essential workers, and critical local services while protecting homeowners and renters, small businesses, and agriculture. What’s more, research has shown that only 10% of the biggest, wealthiest commercials and industrial properties would generate 92% of the new revenue – meaning a fraction of top corporations would finally pay their fair share.
Simply put, we can’t afford corporate tax loopholes at the expense of our schools and local services anymore.
Categories: letter to the editor