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Proposition 13 creates winners and losers in California
Californians weigh gains from lower property taxes against losses in education funding and higher municipal fees. Homeowners largely benefit from tax cuts, yet renters see rent rises and businesses fear reduced deductions. Long term effects include eased housing shortages and potential job gains, though local fees and legislative moves threaten the economic windfall.
MENTIONED IN THIS ARTICLE
Los Angeles
Ben Bartolotto
California Construction Industry Research Board
California
Oakland
Standard Oil of