Title
Adopt an oppose position and resolution on Proposition 5: People's Initiative to Protect Proposition 13 Savings; and a support position on Proposition 10: Affordable Housing Act, which will appear on the November 6, 2018 ballot.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors adopt an oppose position and resolution on Proposition 5: People's Initiative to Protect Proposition 13 Savings; and a support position on Proposition 10: Affordable Housing Act, which will appear on the November 6, 2018 ballot.
SUMMARY
The Board's Legislative Committee met on September 10, 2018 and reviewed and made recommendations to the Board of Supervisors two statewide ballot measures appearing on the November 6, 2018 ballot, Propositions 5 and 10. The Committee recommends an oppose position on Proposition 5. The California State Association of Counties (CSAC) opposes this measure and has requested that Counties adopt a resolution in opposing
DISCUSSION
Proposition 5 - People's Initiative to Protect Proposition 13 Savings - OPPOSE
Changes Requirements for Certain Property Owners to Transfer Their Property Tax Base to Replacement Property. Initiative Constitutional Amendment and Statute.
The California State Association of Counties (CSAC) voted in May to formally oppose Proposition 5, the People's Initiative to Protect Proposition 13 Savings (i.e. the Realtors Property Tax Initiative). For counties interested in joining CSAC's opposition, CSAC encourages counties to adopt the attached Resolution. (Exhibit A)
According to CSAC, Proposition 5 is solely sponsored by the real estate industry and is opposed by a broad coalition including local government, public safety, education, seniors, and labor. The Proposition would permanently erode the property tax base and result in county losses totaling hundreds of millions dollars statewide growing to $1 billion annually for local governments. Statewide, Proposition 5 will also result in losses totaling $1 b...
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