Split roll will only make California less attractive to businesses
California might be about to undermine the best argument it has to attract new business and jobs. A ballot initiative has qualified to eliminate the protections against property tax increases guaranteed by Proposition 13, to the extent applied to business property. The importance of Proposition 13 to job growth in our state has to be better understood: at present, our state’s political leaders appear primed to support this change.
When I was Finance Director of California, I was frequently in the position of making the case why businesses should move to California, or at least not move out. That California is a beautiful place, with hard working and interesting people, was, of course, top on my list. The quantitative points, however, were not so easy.