Pointing to the housing disincentives built into California’s tax system by Proposition 13 and the deterioration of state funding for supportive infrastructure and services, the study finds that cities that receive a larger share of the property tax they generate contributed a larger share of the housing supply in the Bay Area over a four-year period.
The Los Angeles Coalition’s “Insight on LA” breaks down California’s budget and income tax system, as well as provides changes necessary to safeguard economic development by broadening the state’s tax base.
State Sen. Robert Hertzberg joins TPR to share his views on the recently concluded two-year legislative cycle, including discussing his goals for stabilizing the state's volatile economy and water security in upcoming sessions.
