Romney is Right -- Proposition 13 Needs reform
Original post made by john on Oct 30, 2012
Proposition 13 was a solution to a real problem, but it has many flaws that can be fixed. Look here:
"The tax reform association notes that under the law, businesses can change hands but avoid paying higher property taxes by keeping property in trusts, partnerships and limited liability corporations to hold the land."
Reforming proposition 13 and fixing excessive pension liabilities need to be the among the long term solutions.
P. S. -- I only mention Romney because, as the article points out, Massachusetts capped property taxes in 1980 and has the best K-12 system in the country -- a system which Romney later favored and holds up as a model.
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