Tuesday, November 30, 2010

California, There It Went

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Jennifer Rubin  "As promised, Prop 13 drastically reduced property taxes and permitted residential homes to be re-assessed only at the time of sale, fixes that relieved homeowners of the heavy tax burden that had fueled the revolt. But Prop 13 had other effects as well. Local governments lost nearly a quarter of their revenue, and the state, which was then flush with cash, stepped in to take over school and social-welfare funding. This centralized spending in Sacramento and made the state capital an unparalleled target of opportunity for special-interest groups, which became expert in navigating the unwieldy bureaucracy and convoluted budgeting apparatus."

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