On June 6th, 1978, nearly two-thirds of California's voters passed Proposition 13, reducing property taxes by about 57%.
Read Proposition 13 as it is enshrined in the California state constitution. Read the text of the initiative circulated to voters.  Read more >>

In perhaps one of the most brazen political moves in California history, Democrat leadership last week unveiled a budget proposal that would shred the California Constitution by raising billions of new taxes without the required two-thirds vote.  Read more >>

Like most political decisions made under duress, there are legitimate questions as to whether the deal reflects good public policy -- or whether it was even legal.  Read more >>

There was a popular song a few years ago called, "Money for Nothing." While the tune was a satire on the vast amounts paid to successful rock stars, the title could just as easily apply to many voters' attitudes toward bonds.

As we approach the November election with over $41 billion in bonds on the statewide ballot, and additional billions being considered for local jurisdictions, now is a good time to brush up on the significance of bonds, their true costs, and how they are repaid.  Read more >>

Text of Proposition 13 as originally presented to the voters (June 1978)  Read more >>