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Recommendation on Prop 5 (2018)
NO on Prop 5: Property Tax.
Property taxes are the major source of funding for schools and local services. Prop 5 is a costly constitutional amendment that would reduce funds for schools and local services by $1 billion per year. In exchange for that $1 billion a year, Prop 5 would provide special tax benefits to some property owners. It does nothing to help low-income seniors, or families struggling to find housing. Seniors already have the ability to keep their tax break when they downsize. Prop 5 drains California’s coffers of money that is essential to schools and communities.
The LWVC Education Fund has provided an unbiased explanation of this ballot measure to help voters make informed decisions. Visit the link below for more about this measure.